Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Exxon Beats New York Claim of Climate Change Accounting Fraud
Dec 10 2019 // Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company...
Georgia Cemetery Workers Accused of Stealing, Selling Memorials
Dec 10 2019 // Two Georgia cemetery employees have been charged with stealing dozens of bronze memorial markers and selling them at a recycling center for about $300,000. The Carroll County Sheriff’s Office responded to complaints...
California Department of Insurance Arrests Suspects in $500K Auto Fraud Ring
Dec 9 2019 // Investigators from the California Department of Insurance, San Diego County District Attorney’s Office, and the California Highway Patrol have arrested four suspects for alleged involvement in an organized auto fraud...
Former Georgia Mayor Pleads Guilty to 30 Counts of Insurance Fraud
Dec 6 2019 // A former Georgia mayor pleaded guilty Tuesday to 30 counts of insurance fraud after stealing over $11,000 from victims who believed they were paying for insurance policies. Former Franklin Mayor Brad Yates, in a negotiated...
Texas Woman, Man Convicted of Workers’ Comp Fraud in Separate Cases
Dec 6 2019 // Texas Mutual Insurance Co. reported that two Texans have been convicted of workers’ compensation fraud in two separate cases. The workers’ compensation insurer said Sharon Boachie of Arlington and Larry Toliver...
Report on California Workers’ Comp Looks at Medical Provider Fraud
Dec 4 2019 // The Workers’ Compensation Insurance Rating Bureau of California in a follow-up analysis to its 2018 study that evaluated the potential impact of medical provider fraud enforcement shows indicted providers treated...
Art Thefts, Such as Dresden Jewelry Heist, Are Here to Stay: Opinion
Dec 4 2019 // The management of Dresden’s Green Vault, where the biggest museum heist in post-World War II German history took place on Monday, has declined to estimate the market value of the stolen jewelry “because it is...
Georgia Agent Indicted on 23 Counts, Accused of Stealing $1.3M from Customers
Dec 4 2019 // A Georgia man was indicted last month on 23 counts, including insurance fraud and trafficking an elder person by financial exploitation, after an investigation earlier this year by the Georgia Department of Insurance Fraud...
Cryptocurrency Fraud Losses Surge to $4.4 Billion: CipherTrace Report
Dec 2 2019 // Cryptocurrency theft has surged in 2019 compared with last year, with more money flowing through digital exchanges and criminals looking to carry out bigger heists, according to a report from blockchain forensics company...
Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market
Dec 2 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s...
Opioid Makers, Distributors Could Face U.S. Criminal Charges
Nov 27 2019 // Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare crisis, according to...
Germany’s Green Vault Museum Finds It’s Uninsured for $1 Billion Theft of Jewels
Nov 27 2019 // A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens of other glittering...
Online Scams Are Catching Newly Vulnerable Icelanders Unprepared
Nov 26 2019 // “Hi, I hope you are not busy?” The treasurer of the Icelandic soccer club Afturelding got the email from his manager late in the afternoon, soon before banks were about to close. The words “Sent from my...
Florida Investigating Attorney Charged with Lawsuit Fraud
Nov 26 2019 // The Florida Bar has opened an investigation of a New York lawyer who it says may have been practicing in Florida without a license. The Bar’s investigation of Stuart Finkelstein stems from federal charges this week...
Florida Woman Found Guilty of Hurricane Irma Relief Fraud
Nov 25 2019 // A Florida woman has been convicted of fraudulently obtaining Hurricane Irma disaster relief money. Court records show that 37-year-old Karen Latrice Houston was convicted by a jury in Tampa federal court this week of three...
Report Says Connecticut Has Highest Number of Metal Theft Claims in U.S.
Nov 21 2019 // A new report says Connecticut has had the most metal theft insurance claims in the country. The National Insurance Crime Bureau issued a report recently that found that Connecticut had the most metal theft insurance claims...
Minnesota Businessman Pleads Guilty in Labor Trafficking, Insurance Fraud Case
Nov 20 2019 // A businessman accused of insurance fraud and exploitation of his construction workers has pleaded guilty as his trial was about to start in Minneapolis. The Minnesota Department of Commerce reported that Ricardo Ernesto...
N.J. Man Sentenced to 150 Months in Prison for Insurance Fraud, Drug Distribution
Nov 18 2019 // An Atlantic City, N.J., man was sentenced to 150 months in prison for selling more than 200 grams of crystal methamphetamine and for staging a fake robbery of a Union County, N.J., pawnshop for the purpose of perpetrating...
Alabama Court Allows Workers Comp Suit Against AIG, Coventry
Nov 18 2019 // An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an explosion and sought...
U.S. Attorney: Oklahoma Man Sentenced for Stealing Almost $370K from Employer
Nov 15 2019 // A Tulsa, Oklahoma, man was sentenced to 15 months in prison and ordered to repay nearly $370,000 after being found guilty of stealing from his employer. Ernest Everette Howard, 49, of Tulsa, must $368,329.61 in...
