Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge
Oct 9 2019 // A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in an elaborate fraud to seek $77 million in insurance money, a London judge found. In 2011, Marios Iliopoulos lured the...
Insurtech FRISS and Munich Re Extend Partnership to Support Insurers Fighting Fraud
Oct 8 2019 // FRISS, the insurtech provider of AI-powered anti-fraud solutions for the P&C insurance industry, has extended its partnership with Munich Re to now support insurers in their fight against fraud. Following their...
Man Sentenced to 2 Years for $250K Insurance Fraud Scheme in California
Oct 7 2019 // Kenneth X. Huang, 41, was sentenced last week to two years in federal prison, three years supervised release, and ordered to pay $259,594 in restitution over a reported fraud scheme involving insurance in California. A...
Stealing Is Contagious
Oct 7 2019 // The restaurant industry, like many cash industries, is ripe for theft. One thing to take note of is just how contagious bad behaviors like stealing tend to be inside food establishments. New research by three researchers...
3 Arrested in Miami in $39K PIP Fraud Scheme
Oct 4 2019 // Three people in Miami have been arrested in an alleged $39,000 personal injury protection (PIP) fraud scheme, according to a statement from the Florida Department of Financial Services. Alean Machado, Barbarito...
Nebraska Woman Convicted of $246K Insurance Fraud
Oct 1 2019 // A Kearney, Nebraska, woman has been convicted of submitting a fraudulent insurance claim of nearly $246,000. Hall County District Court records say a jury found 49-year-old Debra Shriner guilty of the fraud and of...
Former California Insurance Agent Arrested for Grand Theft
Sep 30 2019 // Ex-insurance agent Yolanda De La Torre, 35, of Whittier, Calif., was arrested on Friday on one felony count of grand theft and one felony count of identity theft after allegedly collecting over $13,000 in insurance...
Massachusetts Man Indicted for $45K Insurance Fraud Scheme
Sep 30 2019 // A Salem, Mass., man was indicted in connection with a scheme to set up a shell company to fraudulently collect benefits under a long-term care insurance policy, Massachusetts Attorney General Maura Healey...
Europe’s Money Laundering Scandals Expand with Criminal Probe of ABN Amro
Sep 27 2019 // Europe’s widening money laundering scandals took a new turn as ABN Amro Bank NV disclosed a criminal probe over alleged failures to check on clients and report suspicious transactions, a further sign of woe in an...
Ohio Workers’ Comp Bureau: 8 Fraud-Related Convictions Secured in August
Sep 26 2019 // The Ohio Bureau of Workers’ Compensation (BWC) reported it secured eight fraud-related convictions in August, bringing 2019’s total to 63. BWC assisted in the investigation that led to the Aug. 30 sentencing of...
Found Guilty of Fraud, Former Deputy Sheriff Owes Ohio BWC $235K
Sep 25 2019 // A Zanesville, Ohio, man and former county deputy sheriff must reimburse the Ohio Bureau of Workers’ Compensation (BWC) nearly $235,000 in restitution after being convicted on Sept. 23 on workers’ compensation...
Police Investigate $350K in Jewelry Thefts at Manhattan’s Trump Tower
Sep 24 2019 // Detectives are investigating the alleged thefts of about $350,000 worth of jewelry from residents in Manhattan’s Trump Tower. Police say the jewelry was stolen from inside two apartments in the building where U.S....
Brazil Police Accuse Mining Firm Vale, Auditor of Fraud Related to Deadly Dam Collapse
Sep 23 2019 // Brazilian federal police proposed criminal charges against Vale SA, auditor TÜV SÜD and 13 of their employees, alleging fraud in relation to a deadly dam collapse in January, according to a document seen by Reuters on...
Former California Adjuster Hit With 180-day Sentence for Stealing $130K
Sep 20 2019 // Former licensed public adjuster John Schoon, 54, of Huntington Beach, Calif., was sentenced to 180 days in county jail and five years of felony probation after pleading guilty to three felony counts of embezzlement and one...
Massachusetts Man Indicted in Connection with $110K Workers’ Comp Fraud Scheme
Sep 20 2019 // A Worcester, Mass., man who operated a temporary employment agency was indicted in connection with a scheme to evade more than $110,000 in workers’ compensation premiums, according to a press release issued by...
Nearly $80K in Wigs Stolen from South Florida Warehouse
Sep 20 2019 // Police in South Florida say thieves stole up to $80,000 in merchandise from a wig warehouse. The owner of Prime Trading Hair and Wigs told detectives in Miami Gardens that he was notified overnight Tuesday that the alarm...
Nebraska Dry Cleaner Owner Faces Arson, Insurance Fraud Charges
Sep 19 2019 // The owner of a Nebraska dry cleaning business that burned following an explosion last year has been charged with arson and insurance fraud. The Sarpy County Attorney’s Office says in news release that 53-year-old...
Delaware Woman Indicted for Insurance Fraud Following Motor Vehicle Accident
Sep 19 2019 // A Delaware woman has been indicted by a Sussex County Grand Jury for two counts of insurance fraud and one count of identity theft following an investigation by the Delaware Department of Insurance Fraud Prevention...
Man Convicted of Workers’ Comp Fraud Must Repay $7.2K to Texas Mutual
Sep 18 2019 // Texas Mutual Insurance Co. reported that a Travis County district court sentenced Ramon S. Flores of Kingwood on workers’ compensation fraud-related charges. Flores reported a job-related injury while working as a...
18-Karat Gold Toilet Stolen From Winston Churchill’s Birthplace
Sep 17 2019 // Burglars overnight broke into England’s Blenheim Palace [on Saturday, Sept. 14], the birthplace of Winston Churchill, and stole an 18-karat gold toilet on display as part of an art exhibition. The thieves took the...
