Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Florida Judge Slams SFR Contractor for Misrepresentation, Fraud in Tower Hill Case
May 31 2023 // SFR Services, a Florida restoration firm made famous by its volume of claims litigation and its charges that United Property & Casualty Insurance Co. had instructed desk adjusters to alter their estimates, now finds...
Inspectors in McClenney Moseley ‘Fraud’ Scheme Sue for Unpaid Bonuses and Overtime
May 30 2023 // Seventeen former field inspectors for a company that provided damage estimates for McClenney Moseley & Associates filed a lawsuit against their former employer, saying they are owed for bonuses that were promised but...
Florida DFS Charges Claims Adjuster with Submitting $24,000 in Fraudulent Auto Claims
May 26 2023 // Florida investigators have charged a former Progressive Insurance claims adjuster with fraud, alleging that she used claimants’ identities to submit fraudulent auto claims, then pocketed almost $24,000 in...
Fired Root CMO Accused of Stealing Millions Spends ‘Lavishly’; Judge Appoints Receiver
May 26 2023 // According to court records, Root Inc’s former chief marketing officer – accused of stealing about $10 million from the company – has not made court appearances, spent money in violation of court orders, and has a...
Georgian Billionaire Wins $926M From Credit Suisse After Fraud
May 26 2023 // Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the...
No Way to Police All Cryptocurrency Fraud, CFTC Commissioner Says
May 25 2023 // A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases. Christy Goldsmith Romero, one of five commissioners at...
Iowa Woman Sentenced to 3 Counts of Insurance Fraud
May 23 2023 // The Iowa Insurance Division (IID) announced Kathryn Hosmer, age 36, of Davenport was sentenced on May 18, 2023, after pleading guilty to three counts of Insurance Fraud – Presenting False Information (Class D Felony)...
‘Spoofing Shop’ Scammer Who Helped Criminals Pose as Bankers Jailed for 13 Years
May 19 2023 // The mastermind behind a global “spoofing shop” that scammed victims out of as much as £100 million ($124 million) has been sentenced to over 13 years in a UK prison. Tejay Fletcher, 35, pleaded guilty over his...
Former California Insurance Agent Sentenced for Stealing $220K from Clients Including Late Art Dealer
May 19 2023 // John Philip Ryan, 64, of Yucca Valley, California, was sentenced and ordered to pay more than $220,000 in restitution to victims after pleading guilty to two felony counts of financial elder abuse and grand theft of...
Fraudulent Filings in Massachusetts Could Be Distorting U.S. Jobless Claims Reports
May 18 2023 // Fraudulent filings for state unemployment insurance aid in Massachusetts could be distorting U.S. weekly unemployment claims data, economists warned on Wednesday, making it harder to get a clear picture of the labor market...
Catalytic Theft Claims Triple in Two Years, Crime Bureau Report Finds
May 12 2023 // Insurance claims for catalytic converter thefts nationwide jumped by 288% in just two years, the National Insurance Crime Bureau said in a new report. Claims rose from 16,660 in 2020 to 64,701 in 2022. Half of the thefts...
Ex-Mississippi Governor Wants Apology for News Outlets’ Welfare Fraud Comments
May 12 2023 // Former Mississippi Gov. Phil Bryant gave notice Wednesday that he will sue a news organization unless it apologizes for statements he said some of its employees made about him in connection to misspending of welfare money...
Michigan Attorney General Charges 6 With Criminal Enterprise Targeting Accident Victims
May 12 2023 // Michigan Attorney General Dana Nessel and Director Anita Fox from the Department of Insurance and Financial Services (DIFS) announced a criminal enterprise and related charges against. six individuals who are accused of...
Hyundai and Kia Thefts Keep Rising Despite Security Fix
May 10 2023 // Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social media sites. So far, it...
Accountant Charged With $10 Million in Construction Workers’ Compensation Fraud
May 9 2023 // Manhattan District Attorney Alvin Bragg, Jr. announced two indictments of a certified public accountant for defrauding the New York State Insurance Fund (NYSIF) of more than $10 million in workers’ compensation...
Mechanic Charged with Criminally Negligent Homicide in Fatal NYC Elevator Plunge
May 5 2023 // An elevator mechanic’s failure to execute basic safety procedures caused an elevator at a New York City building to plunge six stories and crush a co-worker to death, prosecutors said Tuesday. Mechanic Peter Milatz,...
California Family Members Arraigned in $2.1M Insurance Fraud Schemes
May 4 2023 // Four Merced, California, family members were arraigned this week for multiple counts of insurance fraud after a California Department of Insurance investigation revealed the businesses owned and operated by the residents...
Massachusetts Man Sentenced in Luxury Car Insurance Fraud Scheme
May 3 2023 // A Holbrook, Massachusetts man has been found guilty and sentenced to two and a half years in the Norfolk House of Correction for damaging luxury cars bought under false pretenses in order to collect insurance...
Manhattan DA Brings Charges in Alleged Affordable Housing Construction Fraud
May 3 2023 // Manhattan District Attorney Alvin L. Bragg, Jr. announced indictments charging eight individuals and six companies with fraud and corruption within the construction industry, including conspiring to fraudulently use...
UK to Ban Cold Calls Selling Insurance and Crypto to Clamp Down on Fraud
May 3 2023 // The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort to crack down on fraud, which costs the country around £7 billion ($8.7 billion) a year. Announcing its...
