Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Cybercrime Gang Tied to Ransomware Attacks in Germany, Colonial Pipeline Hackers
Feb 4 2022 // A Russia-linked cybercrime gang was allegedly responsible for ransomware attacks that took down a swath of Germany’s fuel-distribution system this week and hindered payments at some filling stations. Hackers using a...
Geico $4.5M Insurance Fraud Suit Seeks Documents From New York City Mayoral Aide
Feb 4 2022 // New York City Mayor Eric Adams’s chief of staff, Frank Carone, was subpoenaed for documents in a $4.5 million federal civil racketeering lawsuit over alleged fraudulent insurance charges. The subpoena to Carone, who...
State Farm Charges Chiro Clinics with Fraud in Gaming Florida’s PIP Law
Feb 3 2022 // In a federal lawsuit filed this week, State Farm Insurance accuses a chiropractor and his string of Florida clinics of widespread fraud by regularly and falsely claiming that car accident victims needed emergency care, so...
Missouri Man Pleads Guilty in Arson, Insurance Fraud Scheme
Feb 2 2022 // A Kansas City-area man has pleaded guilty to an arson and insurance fraud scheme that allegedly destroyed three houses from 2013 to 2019. Wandale J. Fulton, 40, was accused of conspiring with six others to buy houses,...
Three Charged in North Carolina in Insurance Fraud Schemes
Feb 1 2022 // A North Carolina man has been charged with fraud after he allegedly won an $8,000 roofing contract by presenting a fake certificate of liability insurance. State Insurance Commissioner Mike Causey said in a statement that...
California Auto Insurance Fraud Investigation Results in Charges for Couple
Jan 31 2022 // Edwin Saghian, 51, of Tarzana, California, was arraigned on Monday at the Fresno County Superior Court on five felony counts of insurance fraud after allegedly setting fire to his own vehicle and then reporting it stolen...
Insurers Deploy Predictive Analytics, Artificial Intelligence in Fraud Fight
Jan 31 2022 // Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by the Coalition Against...
Officials of AstraZeneca China Summoned About Probe of Suspected Insurance Fraud
Jan 31 2022 // Chinese authorities summoned officials of AstraZeneca China regarding an investigation of suspected medical insurance fraud by the company’s employees, the National Healthcare Security Administration (NHSA) said on...
Michigan Woman Sentenced For Committing $15,000 in Auto Insurance Fraud
Jan 28 2022 // Michigan Attorney General Dana Nessel and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox announced that a Michigan resident who pled guilty to auto insurance fraud has been sentenced to...
California Business Owner Couple Nabbed in $4.5M Workers’ Comp Fraud Scheme
Jan 28 2022 // Wei Wen Wu, 54, and Feng Wen Lam, 49, both of Arcadia, California, were charged with 43 felony counts of insurance fraud, grand theft, and conspiracy after allegedly underreporting nearly $4.5 million in employee...
California Utility’s Criminal Probation Ending Amid Ongoing Safety Worries
Jan 25 2022 // Pacific Gas & Electric is poised to emerge from five years of criminal probation, despite worries that nation’s largest utility remains too dangerous to trust after years of devastation from wildfires ignited by...
Indiana Lawmaker Introduces Bill to Prevent Catalytic Converter Thefts
Jan 21 2022 // Indiana Rep. Jim Baird has introduced a bill to reduce catalytic converter thefts by marking identifying information on catalytic converters, addressing how the parts are purchased, and strengthening enforceability of...
Florida Senate Votes to Keep Insurers’ Fraud Reports Exempt from Open Records
Jan 21 2022 // The 2022 Florida Senate has passed its first bill that affects insurance companies, but the measure has little to do with losses, rates or litigation costs. On Wednesday, by a vote of 35-0, the chamber approved Senate Bill...
Former California Insurance Agent Sentenced in Theft and Embezzlement Scheme
Jan 21 2022 // Former insurance agent Blanca Lidia Guzman, 40, of Palmdale, California, was sentenced in Los Angeles County Superior Court on Wednesday on one felony count of grand theft after pleading no contest for defrauding...
Criminal Indictments Are Major — But Not Only — Tool of U.S. Cyber Defense Agencies
Jan 20 2022 // The FBI and other federal agencies are increasingly looking to counter cyber threats through tools other than criminal indictments, the head of the bureau’s cyber division said in an interview with The Associated...
New Year’s Resolution? Experts Say For Cyber Criminals, It’s More Widespread Attacks
Jan 19 2022 // Powered by InsuranceJournal.tv The looming threat of increased supply chain and critical infrastructure attacks is causing both cyber experts and cyber insurers to lose sleep already in 2022, according to guests on this...
Former California Officer Pleads No Contest to Insurance Fraud
Jan 18 2022 // A retired San Jose Police officer who owns a security business pleaded no contest to insurance fraud, tax evasion, money laundering, and worker exploitation and is expected to be sentenced to three years in jail,...
California Budget Aims to Tackle Climate Change, Wildfires, Crime
Jan 12 2022 // California Gov. Gavin Newsom proposed a $286.4 billion budget that sets off months of budget talks with his fellow Democrats, who control the state Legislature, before the new fiscal year begins July 1. Newsom focused much...
Monsanto Pleads Guilty to Pesticide-Related Crimes in Hawaii, to Pay $12M in Fines
Jan 10 2022 // The Monsanto Co. pleaded guilty to illegally using and storing agricultural chemicals in Hawaii, and will pay $12 million in fines. Monsanto, now owned by German pharmaceutical company Bayer, agreed to plead guilty to the...
Cryptocurrency Crime Hit Record $14 Billion in 2021: Research
Jan 6 2022 // Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing...
