Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
California Department Insurance Investigation Led to Dozens Implicated in Fraud Scheme
Apr 12 2023 // A California Department of Insurance-led investigation with assistance from the California Department of Justice has resulted in the arraignment of 12 suspects on more than 110 felony counts including conspiracy, insurance...
Investigators Seek More Victims of Alleged Fraud by Former California Insurance Agent
Apr 11 2023 // Formerly licensed insurance agent Gregory Magedman, 77, of Fullerton, California, appeared in court on one felony count of grand theft by embezzlement after allegedly failing to give an insurance payment to a...
Two Contractors to Pay $1.24 Million to Resolve Fraud in Whittier Bridge/I-95 Project
Apr 6 2023 // Walsh Construction Co. and Melo’s Rodbusters, Inc. have agreed to pay $1.24 million collectively to resolve False Claims Act allegations that they participated in a fraudulent scheme to take advantage of the federal...
Australia Is Inadvertently Inviting Cyber Crimewave, Data Theft Victim Service Warns
Apr 5 2023 // An Australian government-backed service for victims of identity theft blasted a plan to toughen privacy laws amid an explosion of online data theft, saying it would spur compromised companies to pay ransom and invite more...
City of Buffalo Sues Kia and Hyundai Over Auto Thefts
Apr 3 2023 // The city of Buffalo has filed suit against Kia and Hyundai seeking to hold the carmakers responsible for the rash of auto thefts caused by their alleged failure to include industry-standard anti-theft technology. Buffalo...
Richemont Builds Digital Platform to Help Police Fight Watch, Jewelry Theft
Mar 31 2023 // Richemont is building a digital platform to help police forces worldwide fight theft of luxury watches and jewelry. The platform is open to the entire luxury industry and owners can register their collections using the...
St. Louis Sues Hyundai, Kia Over Car Thefts
Mar 28 2023 // The city of St. Louis, Missouri, said on Monday it was joining a number of major U.S. cities that are suing Korean automakers Hyundai Motor 005380.KS and Kia Corp 000270.KS for failing to install anti-theft technology in...
Proving Insurance Fraud: Is Metadata the Missing Piece of the SIU Puzzle?
Mar 24 2023 // When it comes to investigating SIU claims, metadata can be extremely revealing and may even provide evidence that a crime, such as insurance fraud, occurred. In simple terms, metadata is data that provides information...
California Tow Truck Driver Arraigned on 54 Counts of Insurance Fraud, Assault
Mar 24 2023 // Eliu Canales, 43, was arraigned this week on 54 felony counts of insurance fraud, assault with a deadly weapon and reckless driving after a joint investigation by the California Department of Insurance and San Joaquin...
Mississippi Doctor Avoids Jail Time in Multimillion-Dollar Cream Scheme Fraud
Mar 22 2023 // A Mississippi doctor will not spend time in jail after pleading guilty to federal misdemeanor charges for his role in a health care fraud scheme that prosecutors said cost insurers about $515 million. Dr. Gregory Auzenne,...
States Urge Hyundai, Kia to Do More to Tackle Theft Risk
Mar 21 2023 // A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor 005380.KS and Kia Corp 000270.KS and said they need do more to address problems with millions of U.S. vehicles that are prone to theft. Last month,...
From Construction Costs to Cyber Crime, Educational Organizations Face Multiple Insurance Challenges
Mar 20 2023 // As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for...
FBI Returns 50 Artifacts Stolen From Museums
Mar 17 2023 // Federal authorities say dozens of artifacts stolen in the 1970s from museums in several states and dating back as far as the French and Indian War have been returned to the institutions. The FBI announced Monday at a...
Texas Public Adjuster Indicted of Stealing $268K in Insurance Claims
Mar 16 2023 // A Texas public insurance adjuster accused of stealing more than $268,000 in insurance claims from multiple victims has been indicted by a grand jury in Kimble County. A Texas Department of Insurance (TDI) investigation...
Ringleader Pleads Guilty to Scheme Using Stolen IDs to Buy Vehicles
Mar 15 2023 // A Massachusetts man described by authorities as the ringleader of a group that used stolen identities to buy multiple vehicles worth a total of more than $1.5 million has pleaded guilty to fraud and identity theft charges,...
Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse
Mar 15 2023 // US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter. Justice Department...
Georgia Business Owner Sentenced in $54M California Workers’ Comp Fraud
Mar 13 2023 // Wesley Owens, 54, of Atlanta, Georgia, and Beau Wilson, 38, also of Atlanta, pleaded no contest to multiple felony counts of insurance fraud and conspiracy in Los Angeles Superior Court over charges filed after a...
Over One Million Vehicles Reported Stolen in 2022
Mar 10 2023 // According to a new analysis by the National Insurance Crime Bureau, more than one million vehicles were stolen in the United States last year – marking a 7% increase over 2021. Monthly theft totals nationwide...
Ohio Insurance Department Warns of ‘Past Posting’ Fraud Scheme
Mar 9 2023 // The Ohio Department of Insurance warned of an insurance fraud scheme committed after an auto accident or property damage that is trending in the state. Named the “past posting” scheme, the term describes the...
Owner of Chain of Addiction Clinics Charged With Insurance Fraud
Mar 7 2023 // The owner of a chain of clinics treating substance abuse disorders in Massachusetts and Rhode Island, and one of the company’s employees, were charged last week with cheating health insurers out of millions of...
