Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Many Cyber Criminals Return After Ransomware Payments Are Made
Nov 9 2022 // Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a second time, according to the latest Cyber Readiness Report from Hiscox. In addition, more than four in 10 (41%) of those...
Data Stolen From Australian Health Insurer Medibank Posted on Dark Web
Nov 9 2022 // Data stolen from an Australian health insurer, including the names, addresses and birthdates of hundreds of customers, has been posted to a forum on the so-called dark web. The files appear to be a sample of the data that...
Former California Insurance Agent Sentenced for Theft
Nov 8 2022 // Formerly licensed insurance agent Vincent Allen LaGrange, 66, of Seal Beach, California, was sentenced in San Bernardino County Superior Court on one misdemeanor count of grand theft from an elder after an investigation by...
Investigators Say Car Was Buried in California in Insurance Fraud Scheme
Nov 7 2022 // A car was buried in the backyard of a Northern California mansion 30 years ago as part of a scheme to commit insurance fraud, authorities said Thursday. The convertible Mercedes was discovered last month by landscapers in...
Landscapers Find Car Reported Stolen in 1992 Buried at California Mansion
Nov 7 2022 // Three decades after a car was reported stolen in Northern California, police are digging the missing convertible out of the yard of a $15 million mansion built by a man with a history of arrests for murder, attempted...
Judge in New York Fraud Trial Orders Independent Monitoring of Trump Organization
Nov 4 2022 // A New York judge on Thursday ordered that an independent watchdog be appointed to oversee the Trump Organization before a civil fraud case by the state’s attorney general against Donald Trump’s company goes to...
Nationwide Catalytic Converter Theft Ring Taken Down in Raid
Nov 3 2022 // Twenty-one people in nine states were arrested and charged Nov. 2 with their roles in conspiracies to steal catalytic converters from vehicles across the country and sell them for profit. According to the U.S. Department...
People Moves: Kuchma CEO Hamilton Select; O’Neill AXA XL New Head of Crime & Crisis; Branch Hires First CFO
Nov 3 2022 // Hamilton Names Kuchma as CEO of US E&S Insurer Hamilton Select Anita Kuchma Hamilton Insurance Group announced the appointment of Anita Kuchma as chief executive officer at Hamilton Select, its U.S. excess and surplus...
Missouri State Employee Indicted for Stealing $140K in Unemployment Insurance Funds
Nov 2 2022 // A Missouri state employee has been indicted on three federal felony charges and accused of using her position to send about $140,500 in unearned unemployment benefits to friends, relatives and others. According to the...
French Defense Group Thales Says Hackers Claim to Have Stolen Data
Nov 2 2022 // French defense and technology group Thales said on Tuesday the hacker group LockBit 3.0 claimed to have stolen some of its data and was threatening to publish it. Thales said the extortion and ransomware group had...
California Father And Son Charged for $12M Workers’ Comp Fraud
Nov 2 2022 // Edgardo Cabrales Sr., 61, and his son, Edgar Cabrales Jr., 36, both of San Jose, California, were charged with five felony counts each of insurance fraud after a California Department of Insurance investigation found they...
Man Pleads Guilty to $2M Fraud in Prudential-Administered Military Injury Program
Nov 1 2022 // A former U.S. Navy chief petty officer, now living in Georgia, has pleaded guilty to being the ringleader in a $2 million scheme that claimed unusual injuries to defraud a military disability program administered by The...
19th Person Indicted in Scheme Using Stolen IDs to Defraud Rideshare Companies
Nov 1 2022 // A nineteenth co-conspirator was indicted by a federal grand jury in Boston this week in connection with a nationwide conspiracy to open fraudulent driver accounts with rideshare and delivery service companies, law...
Investment Advisor Sentenced in Fraud that Added To NC Mutual’s Troubles
Oct 31 2022 // Federal prosecutors have said that Bradley Reifler, a New York-based investment manager, contributed greatly to the demise of North Carolina Mutual Life Insurance Co., the oldest black-owned insurance company in the United...
Theft of Frozen Beef in Nebraska Uncovers Midwest Crime Ring
Oct 27 2022 // An investigation into the theft this summer of several semitrailers loaded with frozen beef from Nebraska has led to arrests and uncovered a multimillion-dollar theft ring targeting meatpacking plants in six Midwestern...
Tesla Faces U.S. Criminal Probe Over Self-Driving Claims
Oct 27 2022 // Tesla Inc. is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department of Justice...
How to Deter Fraudsters Who Wash Checks
Oct 26 2022 // This post is part of a series sponsored by InsurBanc. Not all financial fraud in today’s world is in the cybersecurity arena. Fraudsters are going old school and using a scheme known as “check...
Lawyer Is Latest to Plead Guilty in $31M Trip-and-Fall Insurance Fraud Scheme
Oct 25 2022 // A New York lawyer pled guilty Monday in connection with a scheme to obtain millions of dollars in fraudulent insurance reimbursements and other compensation from fraudulent trip-and-fall accidents Damian Williams, the U.S....
Boeing Crashes: Passengers’ Families Deemed Crime Victims
Oct 25 2022 // A federal judge ruled Friday that relatives of people killed in the crashes of two Boeing 737 Max planes are crime victims under federal law and should have been told about private negotiations over a settlement that...
Nurse Practitioner Pleads Guilty in $4.4M Health Care Fraud
Oct 25 2022 // A nurse practitioner has pleaded guilty to fraudulently billing commercial health insurers and Medicare nearly $4.4 million for services that he never provided to patients as he had claimed, federal prosecutors...
