Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Société Générale Crisis Highlights ‘Rogue Trader’ Risk Warns Lloyd’s
Jan 30 2008 // The ongoing crisis at the second largest French bank, Société Générale, has prompted Lloyd’s to remind the financial community of some unfortunate facts. The bank lost €4.9 billion, or $7.25 billion, after it...
Nev. Auto Theft-Fraud Panel Formed
Jan 30 2008 // Gov. Jim Gibbons said this week he’s forming a task force that will focus on organized insurance fraud and auto theft in Nevada. The panel will try to determine the statewide scope of such problems and their affect...
Boone County, W. Va., Man Arrested for Insurance Fraud
Jan 29 2008 // West Virginia officials arrested a Boone County man for insurance fraud late last month. West Virginia State Police arrested Mathew J. Harrison, 27, of Bim, W. Va., on Dec. 21, 2007, and charged him with five felony counts...
W. Va.: Raleigh County Couple Indicted For Insurance Fraud
Jan 29 2008 // A Raleigh County Grand Jury indicted a Coal City, W. Va., couple for insurance fraud, according to Insurance Commissioner Jane L. Cline. On Jan. 16, Mathew and Jennifer Nichols were each indicted on two felony counts of...
Georgia Doctor Sentenced to Probation in Health Fraud Case
Jan 28 2008 // A Georgia doctor accused of treating patients with a chemical used in pesticides was sentenced to five years probation for health care fraud. Sentenced on Jan. 24, Dr. Totada Shanthaveerappa pleaded guilty Oct. 30 to...
N.Y. Insurance Fraud Arrests Are Up
Jan 27 2008 // Investigations by New York’s insurance frauds bureau led to over 700 arrests last year, a 17 percent increase from 2006, according to an annual report from the state insurance department. The bureau, established in...
FBI Study: Violent, Property Crime Rates Decline
Jan 27 2008 // Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property...
Utah WC Fund Laptop Stolen; Personal Data at Risk
Jan 27 2008 // The Workers’ Compensation Fund, one of Utah’s largest insurers, is working to recover a stolen laptop that held personal data records for some 2,800 people. The laptop was taken Dec. 9 from an auditor’s...
Mississippi Official Says Criminal Probe of State Farm has New Focus
Jan 25 2008 // Mississippi Attorney General Jim Hood says his office opened a new criminal investigation of State Farm Insurance Cos. that is separate from its earlier probe of the insurer’s “crimes against...
Wash. AG Proposes Identity Theft Bill
Jan 25 2008 // A bill requested by Washington State Attorney General Rob McKenna to make it easier to prosecute identity theft cases is scheduled for a public hearing today before the House Judiciary Committee. “Records custodians...
3-Day Dragnet in Fla. Nets 47 Insurance Fraud Arrests
Jan 24 2008 // Officials arrested 47 Floridians so far in a statewide, three-day operation that began Tuesday and will continue through today, targeting 84 individuals for various insurance fraud charges, according to Florida Chief...
W. Va.: Braxton County Man Pleads Guilty to Insurance Fraud
Jan 23 2008 // West Virginia officials said a Braxton County man pleaded guilty to one misdemeanor count of fraudulent schemes. According to a West Virginia Department of Insurance announcement, Fred Lee Morgan, 61, of Frametown, used...
N.M. Insurance Agent Accused of Fraud
Jan 23 2008 // A Bernalillo County, N.M., grand jury has indicted an Albuquerque insurance agent on multiple charges of insurance fraud, embezzlement and racketeering. Jorge Gimenez, 58, was being held in the Bernalillo County...
$458M Big Dig Settlement Reached; Criminal Charges Dropped
Jan 23 2008 // The main management consultant and contractor on Boston’s $15 billion Central Artery/Tunnel Project (Big Dig) has agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the...
Two Ex-police Officers in La. Acquitted of Insurance Fraud Charges
Jan 22 2008 // Two former Monroe, La., police officers have been acquitted in federal court on allegations they committed insurance fraud. A 12-person jury returned the verdicts in the case against Brandon Brooks and former police union...
Ex-N.M. Deputy Insurance Superintendent on Trial for Fraud
Jan 22 2008 // The fraud and corruption trial of former state Deputy Insurance Superintendent Joe Ruiz, who is accused of trying to coerce an insurance company to donate money to his favorite charity rather than pay state fines, will...
Teacher, Gypsy, Even an Insurance Agent Make Fraud Hall of Shame List
Jan 22 2008 // A glass-eating gypsy, a teacher who faked terminal cancer, and an insurance agent who killed homeless clients are among the top insurance swindlers of 2007. These convicted thieves were inducted into the Insurance Fraud...
Kan. Firefighter, Wife Charged with Arson, Insurance Fraud
Jan 18 2008 // A Kansas firefighter and his wife are charged with multiple felonies in an alleged insurance fraud-arson scheme. Shawnee Heights Fire District firefighter Laramie McPherson and his wife Christine McPherson are accused of...
Iowa Landlord Convicted of Fraud Ordered to Pay $1.9 Million in Damages
Jan 17 2008 // A Cedar Rapids, Iowa landlord was convicted this week of receiving insurance payments based on false claims, and the federal jury ordered him to pay $1.9 million in damages. Robert Miell, 53, was found guilty of insurance...
Kentucky Woman Charged with Insurance Fraud
Jan 17 2008 // An Irvine, Ky., woman is facing six felony counts of insurance fraud after allegedly filing false statements related to her long-term disability benefits. Treva Caton, 60, began receiving disability benefits in 1984...
