Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Ex-West Virginia School System Official Charged With Stealing $3.4 Million
Dec 17 2024 // CHARLESTON, W.Va. (AP) — A former maintenance director of a southern West Virginia county school system was charged in a scheme to steal about $3.4 million from a local board of education. Michael David Barker appeared...
How Accountants Provide Frontline Defense Against Cybercrime
Dec 16 2024 // Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime. Modern cybercrime includes stealing personal information,...
New Orleans Attorneys Accused of Staging Car Accidents in Insurance Fraud Scheme
Dec 13 2024 // Eight people and two law firms have been charged in what authorities say was more than a decade-long scheme of staging vehicle crashes in the New Orleans area and then submitting fraudulent insurance claims, leading to...
CEO of Large California Vocational School in Court on 23 Charges of Insurance Fraud
Dec 12 2024 // The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being charged with 23 felony counts including insurance fraud, theft and forgery. Hazel Ortega,...
US Supreme Court Tosses Case Involving Securities Fraud Suit Against Nvidia
Dec 11 2024 // The U.S. Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how...
What is Strategic Cargo Theft? – What’s Brewing Podcast (Episode 6)
Dec 10 2024 // This post is part of a series sponsored by IAT Insurance Group. In this episode, Peter Matthews, SVP of Commercial Truck, and Jared Fritts, Loss Control Specialist, tackle the issue of Strategic Cargo Theft – what it is,...
Iowa Woman Pleads Guilty to Fraudulent Injury Scam at Casino
Dec 10 2024 // An Iowa woman pled guilty to one count of presenting false information to an insurer over an alleged fraudulent injury at a casino, following an investigation by the Iowa Insurance Division’s Fraud Bureau. Tonya...
North Carolina School Principal Charged With Pet Insurance Fraud
Dec 9 2024 // A North Carolina elementary school principal and a Cape Hatteras man were arrested last week and charged with insurance fraud after authorities said they attempted to make false claims to their insurance companies. Robert...
Jury Awards $452 Million in Damages For Insulin Patch Trade Secrets Theft
Dec 9 2024 // Medical device maker Insulet convinced a jury that Korean rival EOFlow owes it $452 million in damages for stealing trade secrets related to insulin pumps, according to a verdict made public in Massachusetts federal court...
Fraud Ringleader in Washington Sentenced, Ordered to Pay $7.1M in Restitution
Dec 6 2024 // A Washington man has been sentenced to a dozen years in prison and ordered to pay $7.1 million for leading a fraud scheme that involved staged collisions. A U.S. District Judge sentenced William Oldham Mize to 144 months...
‘Large Number’ of Americans’ Metadata Stolen by Chinese Hackers, Says Official
Dec 6 2024 // A large number of Americans’ metadata has been stolen in the sweeping cyberespionage campaign carried out by a Chinese hacking group dubbed “Salt Typhoon,” a senior U.S. official told journalists on...
Former State Employee Pleads Guilty to Insurance Fraud and Felony Theft
Dec 5 2024 // A former state employee in Maryland has pleaded guilty in separate cases involving insurance fraud and felony theft. According to Maryland Attorney General Anthony G. Brown, the charges against Shanell Angelia West, of...
Regulatory Roundup: California’s Flood Mitigation Initiative, Workers’ Comp Insurance Fraud, Over $300,000 in Compliance Fines
Dec 4 2024 // State-by-state variations of laws, compliance protocols, industry transparency, and general regulatory culture can lend one the impression that keeping up with industry changes is a little bit like herding cats. So, what...
Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast
Dec 3 2024 // With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include...
West Haven Gains $1 Million From Insurance for Employees’ Theft of Covid Funds
Dec 2 2024 // The Connecticut city of West Haven said it is being reimbursed more than $1 million from its insurer to cover the cost of federal pandemic relief funds stolen three years ago by two city employees. Then-state Rep. Michael...
NYC Man Charged With Insurance Fraud in Staged Car Crash Captured by Dashcam
Dec 2 2024 // A New York City man has been charged with staging a car accident for insurance fraud purposes in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities...
Missouri Farmer Who Stars in TV Series Admits to Crop Insurance Fraud
Dec 2 2024 // A Missouri farmer who appears in a reality TV show about his family’s farming operation pleaded guilty this week to a multi-million dollar fraud scheme involving federal crop insurance benefits. Steve A. McBee, 52,...
Wisconsin Man Charged With Crop Insurance Fraud
Nov 27 2024 // A Wisconsin man has been charged with defrauding the Federal Crop Insurance Program, the U.S. Attorney’s Office for the Western District of Wisconsin announced. Lance G. Meier, 52, Ogema, is charged with defrauding...
UBS Acquitted Over Credit Suisse Criminal Money Laundering Case
Nov 27 2024 // Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found...
Ohio Man Sentenced in $229K Insurance Fraud Scheme
Nov 26 2024 // An Ohio man was sentenced to five years in prison and ordered to pay restitution for filing 24 fraudulent claims with multiple insurance companies, totaling more than $229,000, the Ohio Department of Insurance...
