coronavirus fraud News

Insurance Fraud Investigators Ramp Up During Reopening, Even as Claims Volumes Drop

Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire globe at once. Fraud-prevention advocates have long been warning about the coming increase in fraudulent claims. Data from Friss, a …

SEC Pursues Coronavirus Fraudsters With Help From Whistleblowers

The novel coronavirus outbreak and economic fallout is proving to be a bonanza for whistleblower lawyers as the U.S. securities regulator cracks down on a range of related misconduct from companies touting sham cures to misuse of federal aid. The …

SEC Accuses Two Companies of Making Misleading COVID-19 Claims

The Securities and Exchange Commission has charged two companies it says claimed to offer products to combat the COVID-19 virus. One complaint is against against Applied BioSciences Corp. and the other is against Turbo Global Partners, Inc. and its chief …