Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Connecticut Prosecutors to Seek Retrial in Avon Mountain Crash Case
Jun 6 2008 // A Connecticut prosecutor says he will seek a retrial after a jury deadlocked earlier this week in an insurance fraud case against the owner of a dump truck that caused a fatal wreck in Avon in 2005. Hartford Superior Court...
Utah Developer to Pay $6.3M in Fraud Case
Jun 5 2008 // A company owned by Ogden, Utah, developer Gadi Leshem has agreed to repay $6.3 million in workers’ compensation premiums stemming from a case in California. Los Angeles officials say Cover-All Inc., a carpet and...
Poizner Deploys Fraud Investigators to ‘Summit Fire’ Zones
Jun 2 2008 // Insurance Commissioner Steve Poizner dispatched California Department of Insurance fraud investigators and staff to the Summit Fire zones near Santa Cruz, Calif. to provide assistance to survivors as they face the daunting...
Barriers to Prosecution of Fraud Cases Include Finding an Effective Prosecutor
Jun 2 2008 // NICB Fraud Summit examines winning and losing aspects of insurance fraud initiatives The biggest barrier to effectively prosecuting individuals who commit insurance fraud is finding an effective prosecutor, Scott Cassidy,...
Fraud fight up against budget shortfalls
Jun 2 2008 // But Southeast states show some progress, with auto ‘give-ups’ among the targets Budget shortfalls have slowed the progress of fraud bills in many states around the U.S. while lawmakers feverishly work to find...
It Figures
Jun 2 2008 // $94,614,453.59 Arkansas has racked up nearly $95 million in insured losses from four major storm systems that hit the state so far this year. May 10 storms caused $17,150,530.56 in damages, the Arkansas Insurance...
FBI Says Fighting Financial Crimes a Priority; Insurance Cases Top 200
Jun 2 2008 // Feds Focus on Arson, Hurricane Katrina, Corporate Fraud, Premium Diversion and Workers’ Compensation The Federal Bureau of Investigation pursued 529 financial crime cases in its most recent fiscal year, including 209...
California Report Details How to Reduce Fraudulent Insurance Claims
May 30 2008 // Following a meeting with his Advisory Task Force on Insurance Fraud, Blue Ribbon Review Committee, California Insurance Commissioner Steve Poizner announced that he will implement five actions to help reduce fraudulent...
3 Sentenced in Houston for Water Hose Fraud Scheme
May 27 2008 // An insurance fraud scheme in which Houston-area homes were flooded by using water hoses has led to prison for three people. Multiple insurers were defrauded of more than $5 million over a six-year period, according to...
Philly DA Breaks Up Alleged $1M Insurance Fraud Scheme
May 27 2008 // The alleged mastermind of a more than $1 million insurance fraud scheme in Philadelphia has been arrested, and investigators say they expect lawyers and doctors to also be charged. District Attorney Lynne Abraham says the...
FBI Says Fighting Financial Crimes a Priority; Insurance Cases Top 200
May 23 2008 // The Federal Bureau of Investigation pursued 529 financial crime cases in its most recent fiscal year, including 209 insurance fraud cases. During it fiscal year 2007, the 209 insurance fraud cases investigated by the FBI...
Barriers to Prosecution of Fraud Cases Include Finding an Effective Prosecutor
May 23 2008 // The biggest barrier to effectively prosecuting individuals who commit insurance fraud is finding an effective prosecutor, Scott Cassidy, chief of special prosecutions, Cook County State’s Attorney’s office said...
Florida Man Pleads Guilty to Role in Motorcycle Theft Ring
May 22 2008 // A Lee County, Florida man pleaded guilty for his involvement in a string of motorcycle thefts, according to state Attorney General Bill McCollum. Christian Torres Lopez, 28, will be sentenced for his participation in the...
Oklahoma Senate Approves Measure to Curb Copper Theft Epidemic
May 20 2008 // The Oklahoma Senate has approved legislation intended to curb the growing problem of copper theft. Senate Bill 1856, authored by Sen. Cliff Branan, R-Oklahoma City, would increase fines and punishments for the crime of...
October Trial Date Set for La. Legislator in Insurance Fraud Case
May 19 2008 // A federal judge set an Oct. 6 trial date for a Louisiana legislator charged with helping launder money for a woman accused of illegally selling insurance. Sen. Derrick Shepherd, who was indicted in April, did not appear in...
Insurance Industry: One Cog in the Cargo Theft Prevention Machine
May 19 2008 // Supply chain players advised to combine strategies for a multi-level solution to loss control While cargo theft can affect every sector of the supply chain, competing interests among the various players in the chain can...
Oklahoma AG Warns of Fraud in Storm-Damaged Areas
May 16 2008 // Oklahoma Attorney General Drew Edmondson’s office is warning consumers in areas battered by recent storms to beware of fraudsters seeking to take advantage of storm weary property owners. Investigators in the...
Texas AG Settles with El Paso Company on Identity Theft Charges
May 9 2008 // Texas Attorney General Greg Abbott reached an agreement with El Paso-based CNG Financial Corp. and its subsidiaries, Check ‘n Go of Texas Inc. and Southwestern & Pacific Specialty Finance Inc., over charges that...
Greenberg’s Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
May 9 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
National Insurance Crime Bureau: West Has Highest Vehicle Theft Rates
May 5 2008 // The West has the highest per capita rates for vehicle thefts, according to the National Insurance Crime Bureau, which ranked the top metropolitan statistical areas (MSA) with the highest per capita rate for vehicle thefts...
