Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Report Says Record Number of Data Breach Notices Filed in New York in 2017
Jun 18 2018 // The New York Attorney General’s Office (NYAG) this year released a report outlining a record number of data breach notices filed with the office in 2017 – the highest since NYAG started receiving data breach...
WCIRB: California Workers’ Comp Written Premium to be Down Again This Year
Jun 15 2018 // Lower workers’ compensation rates in California will bring down written premium once again this year, according to a forecast from the Workers’ Compensation Insurance Rating Bureau. That revelation is expected...
Delaware Couple Arrested for $100K Insurance Fraud
Jun 15 2018 // A Delaware couple has been arrested for insurance fraud after filing false medical claims for an automobile accident that never occurred, leading their insurance provider to be billed more than $100,000. “We take...
Iowa Insurance Agent Arrested, Charged with Fraud
Jun 14 2018 // The Iowa Insurance Division reported that a Madrid, Iowa, insurance agent has been charged with fraud after an investigation by the division’s fraud bureau. The IID said Joy Marie Heldt, age 48, was charged with...
California Doctor Indicted in $700K Workers’ Comp Fraud Scheme
Jun 13 2018 // Dr. Gary Royce Wisner, 61, of Lodi, Calif., is scheduled for arraignment today at the San Joaquin County Superior Court on 11 felony counts of insurance fraud for allegedly bilking insurers out of more than $700,000 by...
New York Top Court Narrows Martin Act in $11B Credit Suisse Case
Jun 13 2018 // New York’s highest court on Tuesday curbed the state attorney general’s ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky...
Florida Restoration Contractor Arrested Over $140K AOB Fraud Scheme
Jun 13 2018 // A restoration contractor company owner has been arrested over an alleged assignment of benefits (AOB) fraud scheme that impacted 19 homeowners in eight Florida counties and one Texas county, according to a statement from...
FBI, International Law Enforcement Disrupt Business Cyber Fraud Schemes
Jun 12 2018 // Federal law enforcement officials announced a significant coordinated effort to disrupt Business Email Compromise (BEC) schemes used to intercept and hijack wire transfers from businesses and individuals, including senior...
New York Surgeon Sentenced for Nearly $87K Workers’ Comp Fraud Scheme
Jun 8 2018 // A central New York orthopedic surgeon has been sentenced for running an ongoing scheme that defrauded the workers’ compensation system by nearly $87,000. Dr. Gregory B. Shankman, of Clinton, N.Y., was sentenced in...
Alabama Farmer Accused of Stealing $919K in Crop Insurance Money
Jun 6 2018 // An Alabama farmer has been charged with stealing crop insurance money and federal prosecutors want him to repay more than $919,000. The Dothan Eagle reports Dexter Day Gilbert was charged Thursday in U.S. District Court...
Florida Man Gets 20 Years, Ordered to Pay $1.9M in Restitution for Arson Scheme
Jun 5 2018 // A Florida man has been sentenced to 20 years in prison for his role in an arson insurance fraud scheme that spanned multiple Florida counties and was ordered to pay $1.9 million towards restitution to the more than 14...
Man Who Faked Relation to Grenfell Fire Victim Sentenced for Fraud
Jun 4 2018 // A fraudster who masqueraded as the son of a victim of the Grenfell Tower fire has been sentenced to 18 months in prison. Mohammad Gamoota, 31, claimed his father died in the London blaze so he could be entitled to some...
North Carolina Steps Up Workers’ Comp Fraud Investigations, Fines for No Coverage
Jun 4 2018 // North Carolina has stepped up its efforts to identify businesses not complying with state workers’ compensation laws which it says has resulted in a significant increase in fines collected compared to the same time...
Georgia Business Owner Arrested for Insurance Fraud
Jun 4 2018 // A business owner in Gwinnett County, Ga., has been arrested and charged with one count of insurance fraud after presenting a fraudulent certificate of insurance coverage, according to a statement from Georgia Insurance...
Vietnam Court Upholds Key Financial Fraud Judgment
Jun 3 2018 // A court has upheld a key judgment in Vietnam’s biggest-ever fraud case, spotlighting the country’s ability to tackle financial crime at a time when foreign banks are heeding government calls to invest. The Ho...
Former Iowa Insurance Agent Sentenced in Fraud Case
Jun 1 2018 // Nicholas Menough, a former insurance agent in Grimes, Iowa, has been sentenced after pleading guilty to fraud and theft charges. The Iowa Insurance Division reported that Menough pled guilty in late May to Theft in the 3rd...
California Family Arson Ring Arraigned in $4M Insurance Fraud Case
Jun 1 2018 // A California family was arraigned on Thursday on more than 30 counts of fraud and arson. Tyler Chen, 46, and his wife, Kim, 45, were arraigned in the Santa Clara County Superior Court following their arrest on multiple...
What the Florida Industry Needs to Know for the 2018 Hurricane Season
Jun 1 2018 // The 2018 hurricane season is officially underway, even as the dust continues to settle on the 2017 hurricane season — one of the costliest hurricane years on record — that brought devastation to Florida from Hurricane...
Ex-Chairman of China’s Anbang Insurance Files Rare Appeal of Fraud Conviction
May 31 2018 // The former chairman of China’s Anbang Insurance Group Co., Wu Xiaohui, has lodged an appeal against his conviction for fraud and embezzlement that led to a sentence of 18 years in prison, his lawyers said. While not...
Rampant Brazil Cargo Theft Disrupts Retail, Drives Up Insurance Rates
May 31 2018 // In a bunker-like room in a gritty suburb of Sao Paulo, retired police colonel Antonio Marin and a dozen employees track the location of hundreds of cargo trucks on a bank of monitors. During his 34 years in Sao Paulo...
