Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
FBI Probing Fannie, Freddie, Lehman, AIG for Potential Mortgage Fraud: CNN
Sep 23 2008 // The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and insurer American International Group Inc. and their senior executives for potential mortgage fraud, CNN reported on Tuesday. The FBI did...
Illinois Mayor Charged with Insurance Fraud Steps Down
Sep 22 2008 // Niles, Ill.’s long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement was effective Sept. 1. The Village Board is expected to appoint...
Assurant Offers ID Theft Protection for Financial Institutions
Sep 15 2008 // Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions. Red Flag ID Fraud Solutions is a...
July Enforcement Actions in Texas Result in $500K in Fines
Sep 10 2008 // Enforcement actions taken by Texas Commissioner of Insurance Mike Geeslin in July 2008 include nine license revocations, four license denials and fines and restitution totaling $539,814. Copies of Geeslin’s orders...
Travelers Unveils Sting Trailer to Combat Cargo Theft
Sep 9 2008 // Cargo theft accounts for up to $25 billion in direct merchandise losses each year, according to the National Cargo Security Council. With more than 675,000 registered interstate motor carriers moving 65 percent of the...
Tennessee Police Dog not Dead; Insurance Fraud Alleged
Sep 8 2008 // A West Tennessee prosecutor will not say whether he intends to press charges in the case of an Oakland police dog whose death may have been faked to collect a $5,000 insurance benefit. The Tennessee Bureau of Investigation...
Prosecutors Allege AIG Scheme Cost Investors $1 Billion
Sep 8 2008 // U.S. prosecutors said a scheme to manipulate the financial statements of the world’s largest insurance company, American International Group Inc., resulted in a loss of more than $1 billion to investors. Four former...
Brooklyn Man Charged with $130K Workers’ Comp Fraud
Sep 8 2008 // A 60-year-old Brooklyn man who maintained that a workplace injury left him unable to stand, walk or drive has been arrested on charges that he fraudulently claimed $130,000 in lost wage benefits and medical expenses. Lev...
Houston Couple Charged for Insurance Fraud, Deadly House Fire
Sep 5 2008 // A grand jury has indicted a Houston, Texas couple over a 2003 fire that killed their daughter and a boy in an alleged house insurance scheme. Harris County Fire Marshal’s arson investigator Lonnie Blevins said...
Former N.H. Insurance Agent Indicted on Fraud Charge
Sep 4 2008 // A federal grand jury has indicted a 53-year-old Bedford, N.H., man on charges he defrauded clients of his insurance agency. Prosecutors say from October 2001 to September 2003, Raymond Douville operated an insurance agency...
National Insurance Crime Bureau President, CEO Bryant Retiring Today
Sep 2 2008 // Susan Q. Hood, claims vice president, State Farm Mutual Automobile Insurance Company and chair of the board of governors (BOG) of the National Insurance Crime Bureau (NICB) announced today that Robert M. “Bear”...
It Figures
Sep 1 2008 // 84,000 The Arkansas Department of Health says the state had 84,000 fewer smokers in 2007 than five years earlier. Officials say that since 2002, the percentage of adults who smoked dropped from 26.3 percent to 22.4...
Feds Charge 11 in Biggest-Ever Identity Theft Case
Sep 1 2008 // Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people,...
Pennsylvania Chiropractor Charged in Staged Bus Accident Claims
Aug 27 2008 // A former Bucks County, Pa., chiropractor has been accused of fraudulently billing two insurance companies for more than $27,000 for treatments to patients who claimed to have been injured in staged bus accidents. Attorney...
Illinois Mayor Charged with Insurance Fraud Steps Down
Aug 26 2008 // Niles, Illinois’ long-time mayor, Nicholas Blase, is stepping down after 47 years. In a statement on the village Web site, Blase, 80, said his retirement would be effective Monday, Sept. 1. The Village Board will...
California Names Deputy Commissioner of Enforcement Branch
Aug 26 2008 // California Department of Insurance Fraud Division Bureau Chief Rick Plein has been appointed deputy commissioner of the Enforcement Branch. Plein will replace retiring Deputy Commissioner Dale Banda. Plein has more than 19...
Honda Civic, Accord Top 2008 List of Most Stolen Cars
Aug 21 2008 // The 1995 Honda Civic was the car stolen the most in 2007, according to “Hot Wheels 2008,” an annual study from the National Insurance Crime Bureau (NICB). According to the 2008 report of cars stolen in 2007,...
Amerigroup Lawsuit Settled for $225 Million in Illinois Fraud Case
Aug 19 2008 // An insurance company giant has agreed to pay $225 million to settle a lawsuit that accused it of discriminating against pregnant women and other high-risk patients in Illinois. The Illinois attorney general’s office...
Idaho Declares Insurance Fraud Awareness Week
Aug 18 2008 // The Idaho Department of Insurance is spearheading Fraud Awareness Week to promote anti-fraud education, raise awareness about the impact of fraud and white-collar crime on society and encourage Idahoans to report fraud to...
New Jersey Mayor Gets 21 Months for Insurance Fraud Scheme
Aug 18 2008 // Former Passaic, New Jersey Mayor Samuel Rivera was sentenced Friday to nearly two years in prison and a $4,000 fine for accepting cash bribes in exchange for influencing city contracts. Rivera, who was caught in a...
