Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Ralph Lauren Suit Alleges Fraud by Insurer Refusing to Cover Coronavirus Losses
Aug 11 2020 // Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of two-thirds of its revenues in the first quarter alone due to the pandemic. Ralph Lauren Corp. (RLC) maintains that Factory...
New Hampshire Contractor Arrested and Charged with Theft, Forgery
Aug 11 2020 // A New Hampshire contractor was arrested on July 31, 2020, and will be arraigned this week in connection with charges for theft, forgery and unfair or deceptive business practices. New Hampshire Attorney General Gordon J....
Northern California Woman Pleads Guilty to Workers’ Comp Fraud and ID Theft
Aug 10 2020 // Marlene Cavalcanti, 40, has pleaded guilty to two felony counts of insurance fraud and identity theft after falsifying documents to receive an additional $10,590 on her workers’ compensation claim. Cavalcanti,...
California Department of Insurance Fraud Suit Results in $24M in Payments from AbbVie
Aug 7 2020 // California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations of the California Insurance Frauds Prevention Act involving the marketing...
California Labor Commissioner Suing Uber, Lyft for ‘Systemic Wage Theft’
Aug 5 2020 // The California Labor Commissioner’s Office has filed separate lawsuits against transportation companies Uber and Lyft for committing wage theft by misclassifying employees as independent contractors. Uber and Lyft...
Manhattan District Attorney Says Trump Probe Includes Alleged Insurance, Bank Fraud
Aug 4 2020 // Manhattan’s district attorney on Monday suggested a grand jury subpoena for U.S. President Donald Trump’s tax returns was part of an investigation of “possibly extensive and protracted criminal conduct at...
Northern California Woman Pleads Guilty to Workers’ Comp Fraud and ID Theft
Aug 3 2020 // Marlene Cavalcanti, 40, has pleaded guilty to two felony counts of insurance fraud and identity theft after falsifying documents to receive an additional $10,590 on her workers’ compensation claim. Cavalcanti,...
Travelers Europe Enhances CyberRisk Product for UK and Ireland
Aug 3 2020 // Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The...
Former Ohio Insurance Agent Gets 9 Years in Prison for $1.1M Theft from Clients
Jul 29 2020 // A former Ohio insurance agent has been sentenced to nine years in prison for stealing more than $1.1 million from clients, according to the Ohio Department of Insurance. The ODI said Gregory Oliver, of Milford, Ohio, was...
South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits
Jul 27 2020 // South Africa’s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claims following a massive accounting fraud, a fraction of the over 9 billion euros ($10.5 billion) claimants are...
Chemical Firm BASF and Its Law Firm to Pay $72.5M to Close Talcum-Asbestos Claims
Jul 24 2020 // BASF SE, the world’s biggest chemical maker, and a law firm agreed to pay a combined $72.5 million to resolve claims they hid evidence that certain talc products contained asbestos in an effort to scuttle thousands...
German Prosecutors Arrest Ex-Wirecard Execs on Suspicion of Running Criminal Racket
Jul 24 2020 // German prosecutors arrested three former top executives of Wirecard on Wednesday, saying it suspected them of masterminding a criminal racket to fake the company’s accounts and bilk creditors of billions of...
Connecticut State Trooper Charged with Workers’ Comp Fraud, Larceny
Jul 23 2020 // A Moosup, Conn., man has been arrested and charged with illegally collecting workers’ compensation benefits while being employed as a Connecticut state trooper. Kevin Moore, age 41, was arrested by inspectors from...
Former Comptroller Pleads Guilty to Stealing $259K from Louisiana Community College
Jul 21 2020 // The former comptroller for a community college in Louisiana has pleaded guilty to stealing more than $250,00 from her employer. Carol Bates, the former comptroller for Bossier Parish Community College (BPCC), pled guilty...
Former Assistant U.S. Attorney Martin Joins Insurance Crime Bureau Team
Jul 21 2020 // The National Insurance Crime Bureau (NICB) reports that Pat Martin has joined the association’s new general counsel. Martin is the former chief of the Criminal Division of the U.S. Attorney’s Office for the...
Former Mississippi Priest Accused of Wire Fraud, Stealing $18K from Parishioners
Jul 20 2020 // A former priest in Mississippi has been indicted for wire fraud after federal investigators said he took more than $18,000 from parishioners for personal expenses. Father Lenin Vargas, who led St. Joseph Catholic Church in...
Georgia Court: No Coverage Owed for Shooting Due to Criminal Act Exclusion
Jul 20 2020 // An insurer is not liable for injuries caused by a policyholder who shot a 15-year-old boy in the head because the policy excluded coverage for criminal acts, a split Georgia Court of Appeals panel decided. The 2-1 ruling...
Maryland Governor Announces $501M Unemployment Insurance Fraud Case
Jul 17 2020 // Maryland uncovered a massive criminal enterprise involving identity theft and more than 47,500 fraudulent unemployment insurance claims in the state adding up to more than $501 million, Governor Larry Hogan said Wednesday,...
Berkley Crime Names Platt Assistant Vice President/Underwriter for West
Jul 17 2020 // Berkley Crime, a division of Berkley FinSecure, a Berkley Co., has named Brian Platt assistant vice president-Underwriter. Platt will be focused on developing stand-alone fidelity/crime business across a spectrum of...
Florida Official Pleads Guilty in $5M Hurricane Fraud Scheme
Jul 17 2020 // A Florida city official pleaded guilty Tuesday to his role in a scheme to bilk the federal government out of $5 million in Hurricane Michael cleanup money, the U.S. attorney’s office announced. Former Lynn Haven...
