Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Louisiana Court: Unconfirmed Drug Test Can’t Be Used to Deny Workers’ Comp Claim
Oct 21 2019 // Louisiana’s high court has nixed the idea that an unconfirmed or unverified drug test can be used to prove intoxication or fraud in order to deny the workers’ compensation claim of an injured worker. In doing...
Medical Provider Fraud: The Most Common Schemes to Watch For
Oct 21 2019 // While most insurance claims are legitimate, studies indicate that 10% or more of all property/casualty insurance claims are fraudulent. In the workers’ compensation industry, combatting fraud can seem like a game of...
New Mexico Men Accused in Arson, Insurance Fraud Case
Oct 18 2019 // Two men from San Juan County, N.M., are accused of committing arson and insurance fraud while allegedly setting up another man to take the fall. County sheriff’s officials say 54-year-old Patrick Roller and...
Ex-Church Administrator in Pennsylvania Pleads Guilty in $1.2M Theft
Oct 18 2019 // A former western Pennsylvania church administrator has pleaded guilty to stealing $1.2 million that prosecutors say he and his wife used to pay for vacations, sports tickets and other personal expenses. Fifty-year-old...
Unconfirmed Drug Test Can’t Be Used to Deny Workers’ Comp Claim: Louisiana Court
Oct 18 2019 // Louisiana’s high court recently nixed the idea that an unconfirmed or unverified drug test can be used to prove intoxication or fraud in order to deny the workers’ compensation claim of an injured worker. In...
Brown, Szary Join Great American’s Fidelity/Crime Division in Ohio
Oct 15 2019 // Great American Insurance Group, headquartered in Cincinnati, Ohio, has hired Matthew (Matt) Brown and Joseph (Joe) Szary as divisional directors within its Fidelity /Crime Division. Brown has 16 years of industry...
Critics Hit SEC Revamp of Wall Street Whistleblower Program
Oct 14 2019 // A federal agency is moving with little fanfare to revamp one of the most successful whistleblower programs in the government, alarming advocates who warn the changes will set back efforts to police Wall Street and punish...
Employee Accused of Stealing Over $100K From Nebraska Insurance Agency
Oct 10 2019 // A woman has been accused of stealing more than $100,000 while working for a Beatrice, Nebraska, insurance agency. Gage County Court records say 44-year-old Nicole Nelson is charged with felony theft. Her attorney...
More Charges Filed in Texas Against Louisiana Cattle Theft Suspect
Oct 10 2019 // A man previously accused of involvement in a Louisiana cattle theft ring has been indicted in Texas on charges he also stole cows from a rancher there. The Texas and Southwestern Cattle Raisers Association said in a news...
Massachusetts Cleaning Company Owner Sentenced for $74K Insurance Fraud
Oct 10 2019 // The owner of a Malden, Mass.-based cleaning company pleaded guilty and was sentenced to jail in connection with an insurance fraud scheme that involved worker misclassification, Massachusetts Attorney General Maura Healey...
Texas Man Convicted of $6K Workers’ Compensation Fraud
Oct 9 2019 // Texas Mutual Insurance Co. reported that a Travis County district court has sentenced Joe D. Lozano, Sr. of Midland, Texas, on workers’ compensation fraud-related charges. Lozano reported a job-related injury while...
Greek Shipowner Torched His Tanker in $77 Million Insurance Fraud: London Judge
Oct 9 2019 // A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in an elaborate fraud to seek $77 million in insurance money, a London judge found. In 2011, Marios Iliopoulos lured the...
Insurtech FRISS and Munich Re Extend Partnership to Support Insurers Fighting Fraud
Oct 8 2019 // FRISS, the insurtech provider of AI-powered anti-fraud solutions for the P&C insurance industry, has extended its partnership with Munich Re to now support insurers in their fight against fraud. Following their...
Man Sentenced to 2 Years for $250K Insurance Fraud Scheme in California
Oct 7 2019 // Kenneth X. Huang, 41, was sentenced last week to two years in federal prison, three years supervised release, and ordered to pay $259,594 in restitution over a reported fraud scheme involving insurance in California. A...
Stealing Is Contagious
Oct 7 2019 // The restaurant industry, like many cash industries, is ripe for theft. One thing to take note of is just how contagious bad behaviors like stealing tend to be inside food establishments. New research by three researchers...
3 Arrested in Miami in $39K PIP Fraud Scheme
Oct 4 2019 // Three people in Miami have been arrested in an alleged $39,000 personal injury protection (PIP) fraud scheme, according to a statement from the Florida Department of Financial Services. Alean Machado, Barbarito...
Nebraska Woman Convicted of $246K Insurance Fraud
Oct 1 2019 // A Kearney, Nebraska, woman has been convicted of submitting a fraudulent insurance claim of nearly $246,000. Hall County District Court records say a jury found 49-year-old Debra Shriner guilty of the fraud and of...
Former California Insurance Agent Arrested for Grand Theft
Sep 30 2019 // Ex-insurance agent Yolanda De La Torre, 35, of Whittier, Calif., was arrested on Friday on one felony count of grand theft and one felony count of identity theft after allegedly collecting over $13,000 in insurance...
Massachusetts Man Indicted for $45K Insurance Fraud Scheme
Sep 30 2019 // A Salem, Mass., man was indicted in connection with a scheme to set up a shell company to fraudulently collect benefits under a long-term care insurance policy, Massachusetts Attorney General Maura Healey...
Europe’s Money Laundering Scandals Expand with Criminal Probe of ABN Amro
Sep 27 2019 // Europe’s widening money laundering scandals took a new turn as ABN Amro Bank NV disclosed a criminal probe over alleged failures to check on clients and report suspicious transactions, a further sign of woe in an...
