Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Employers Using Robots to Catch Fraud in Expense Reports
Mar 26 2019 // It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon...
New York Man Arrested for Alleged Car Dealership Insurance Fraud Scheme
Mar 22 2019 // A Bronx County, N.Y., man has been arrested and arraigned on a felony complaint for an alleged insurance fraud scheme. Barrington Mayne, who is not an insurance broker, allegedly used his position and contacts at various...
Massachusetts Man Charged in Connection with Workers’ Comp Fraud Scheme
Mar 21 2019 // The owner of a Revere, Mass.-based contracting company has been indicted in connection with a workers’ compensation insurance fraud scheme, according to Massachusetts Attorney General Maura Healey. Anner Valentin...
Texas Body Shop Owner Sentenced in Auto Insurance Fraud Case
Mar 20 2019 // A Travis County body shop owner has been sentenced to 10 years of probation after pleading guilty to reporting wrecks that never took place and damaging vehicles to increase insurance payouts, the Texas Department of...
Florida Insurance Agent Arrested in $16K Commission Fraud Scheme
Mar 20 2019 // A licensed insurance agent out of Orlando, Fla., was arrested this month for allegedly submitting fraudulent insurance applications to multiple carriers, according to a statement from Florida CFO Jimmy Patronis. Sheila De...
Company Denies Responsibility for Vermont Ski Resort Fraud
Mar 19 2019 // The former owner of Vermont’s Jay Peak resort is fighting claims from a court-appointed receiver that it should pay millions in damages as part of a settlement. The Caledonian-Record reports Canadian Saint-Sauveur...
Ex-CEO, 7 Other Execs Blamed for $7.4B Accounting Fraud at S. Africa Retailer Steinhoff
Mar 19 2019 // Former Steinhoff Chief Executive Markus Jooste and seven others were involved in a 6.5 billion euro ($7.4 billion) accounting fraud at the South African retailer, the new CEO said told lawmakers on Tuesday. Steinhoff said...
No Criminal Liability for Uber in Fatal 2018 Arizona Self-Driving Car Crash
Mar 18 2019 // Uber Technologies Inc. is not criminally liable in a March 2018 crash in Tempe, Ariz., in which one of the company’s self-driving cars struck and killed a pedestrian, prosecutors said earlier this month. The Yavapai...
New Florida Anti-Fraud Initiative Seeks to Make State ‘Fraud Free’
Mar 18 2019 // Denouncing the state’s current ranking when it comes to consumer scams and insurance abuse, Florida Chief Financial Officer (CFO) Jimmy Patronis has announced a new initiative aimed at reducing fraud in the...
SEC Sues VW, Ex-CEO over Diesel Emissions Scandal, Alleging Massive Investor Fraud
Mar 15 2019 // The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, alleging a “massive fraud”...
Disabled Workers Paid Less Than Minimum Wage Sue Non-Profit for Wage Theft
Mar 14 2019 // A New Mexico non-profit that’s assembled gift bags for the Oscars and Grammys is facing a class action lawsuit brought by disabled employees who say it pays as little as 18 cents an hour. The suit is the latest to...
Rhode Island Horse Insurer Gets Three Years in Prison for $1.3M Fraud Scheme
Mar 14 2019 // A Rhode Island insurance agent who specializes in insuring horses has been sentenced to three years in prison for defrauding clients, insurance companies and finance companies out of $1.3 million. Federal prosecutors say...
Startup CEO Exonerated from Crimes, Seeks Compensation for Firing
Mar 13 2019 // Zain Jaffer’s charmed, Silicon Valley life was about to collapse beneath him. It was October 2017 and Jaffer, founder of a promising mobile ad startup, was suddenly arrested and charged with a series of crimes,...
North Carolina Insurance Fraud Round-Up: January, February
Mar 13 2019 // The North Carolina Department of Insurance announced multiple fraud enforcement actions during the first two months of 2019. Insurance fraud costs American consumers approximately $80 billion dollars a year. According to...
Former Texas Hospital CEO Pleads Guilty to Insurance Fraud Scheme
Mar 12 2019 // The former CEO of Palo Pinto General Hospital in Palo Pinto, Texas, has pleaded guilty to defrauding three major insurance providers – BlueCross BlueShield of Texas, CIGNA Texas, and United Healthcare – out of millions...
Before Heading to Prison, Attorney Apologizes for Major Workers’ Comp Fraud
Mar 12 2019 // Sean Enrique O’Keefe said he started out as a “humanistic attorney,” but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers’ compensation claimants to...
Texas Insurance Adjuster Sentenced for Stealing $100K from Employer
Mar 7 2019 // A Spring, Texas, insurance adjuster has been sentenced for stealing nearly $100,000 from the insurance company where he worked, the Texas Department of Insurance announced. Allen Castillo pleaded guilty after an...
Thomas Named Manager of Michigan Insurance Department’s Fraud Unit
Mar 6 2019 // Michigan Department of Insurance and Financial Services (DIFS) Director Anita G. Fox has appointed Joseph Thomas as manager of the department’s Fraud Investigation Unit. Thomas has 31 years of experience in law...
Shift Technology Raises $60M to Expand Use of AI for Fraudulent Claims Detection
Mar 6 2019 // Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers detect fraud during the claims...
No Criminal Liability for Uber in Fatal 2018 Arizona Self-Driving Car Crash
Mar 6 2019 // Uber Technologies Inc. is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one of the company’s self-driving cars struck and killed a pedestrian, prosecutors said on Tuesday. The Yavapai County...
