Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Florida Agency Owner Arrested Over $62K Premium Fraud Scheme
Apr 19 2018 // An insurance agency owner in Florida has been arrested after he admitted to stealing more than $60,000 in insurance premiums, according to a statement from the Florida Department of Financial Services (DFS). Michael...
Ohioans Charged with Defrauding Insurer of More than $300K
Apr 18 2018 // Three people in Ohio have been charged with insurance fraud totaling more than $330,000, according to the U.S. Attorney’s Office for the Northern District of Ohio Kifiyun Daniels of Akron, and Jessie Banks of...
Florida CFO Releases List of Top 10 Most Wanted Insurance Fraudsters
Apr 18 2018 // Florida Chief Financial Officer Jimmy Patronis has released a top 10 list of most wanted insurance fraud criminals and called on local communities to help with finding the individuals. According to a statement from the...
Erie City Council President Indicted on Theft From Nonprofit
Apr 16 2018 // A grand jury has indicted the Erie, Penn., city council president on allegations she stole more than $70,000 over seven years from an anti-violence nonprofit she runs. The U.S. Attorney’s office for the Western...
Virginia Business Owner Must Pay Back $4M for Fraud Scheme
Apr 16 2018 // A Virginia business owner who spent business loans on personal expenses, including his rock band, will pay more than $4 million in restitution, in addition to serving a 10-year federal prison sentence. The Virginian-Pilot...
Texas Landscaper to Pay $400K in Workers’ Comp Fraud Case
Apr 16 2018 // A Pflugerville, Texas, landscape company pleaded guilty March 21 to misrepresenting its payroll so it could pay less for workers’ compensation coverage, according to the Texas Department of Insurance. Jammers...
Pennsylvania Man Charged With Filing Fraudulent Insurance Claims in New Jersey
Apr 16 2018 // A Pennsylvania man has been charged with filing nearly $50,000 in fraudulent insurance claims for items allegedly lost or stolen while he was traveling around the country. Robert Cirino of Reading, Penn., was indicted on...
Accused of $211K Insurance Fraud, Arkansas Suspect Surrenders
Apr 13 2018 // An Arkansas insurance firm owner has surrendered to authorities on warrants in Pulaski County for felony insurance fraud, theft and forgery, the Arkansas Insurance Department announced. Joshua Eric Casada, owner of the...
Vermont to Freeze Remaining Assets in Ski Resort Fraud Case
Apr 13 2018 // A judge has approved freezing the remaining assets of a former Vermont ski resort owner who is being investigated on suspicion of investment fraud. Michael Pieciak, commissioner of the state Division of Financial...
Ex-Chiropractor in New Jersey Gets Prison Term for Medical Fraud Ring Role
Apr 13 2018 // A New Jersey chiropractor whose license was revoked more than 15 years ago is now headed to prison for his role in a medical fraud ring that stole nearly $4 million from insurance companies. Philip Potacco received a...
Bitcoins Worth $3M Stolen from India’s Cryptocurrency Trading Platform Coinsecure
Apr 13 2018 // One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee. An official at Delhi-based Coinsecure was extracting...
Troubled Chinese Insurer Anbang Interviews Banks About Asset Divestments: Sources
Apr 12 2018 // Anbang Insurance Group Co., the troubled Chinese insurer seized by the government, is interviewing investment banks to advise on potential asset divestments, people with knowledge of the matter said. The once-acquisitive...
Police Arrest New Jersey Contractor Accused of Theft
Apr 12 2018 // Police have arrested a New Jersey contractor who they allege took nearly a quarter-million dollars from clients but never started the promised work. The Ocean County Prosecutor’s Office says 56-year-old Peter...
Arkansas Woman Arrested on Insurance Fraud, Arson, Theft Charges
Apr 10 2018 // An Arkansas woman has been arrested on multiple felony charges related to arson and insurance fraud, the state department of insurance reported. The Arkansas Insurance Department said Kittie Louise Payton, 55, of Little...
Pennsylvania Man Charged with Filing Fraudulent Insurance Claims in New Jersey
Apr 6 2018 // A Pennsylvania man has been charged with filing nearly $50,000 in fraudulent insurance claims for items allegedly lost or stolen while he was traveling around the country. Robert Cirino of Reading, Penn., was indicted on...
Antifraud Group Adds Oklahoma Insurance Commissioner to Executive Committee
Apr 5 2018 // Oklahoma Insurance Commissioner John D. Doak has been named to the Coalition Against Insurance Fraud‘s executive committee. He was elected unanimously by the Coalition’s executive committee. Doak, who is...
Lawsuits Against Facebook Pile Up Over Cambridge Analytica Scandal
Apr 5 2018 // Facebook Inc. finds itself in the eye of a rapidly building legal storm over the disclosure of user data to political research firm Cambridge Analytica. Lawsuits are piling up from users and investors. U.S. lawmakers are...
China’s Anbang Gets $9.7B Capital Injection to Bolster Solvency After Alleged Fraud
Apr 4 2018 // China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company’s former chairman was accused of masterminding a multi-billion dollar...
Texas Landscaper Must Pay $400K in Workers’ Comp Fraud Case
Apr 3 2018 // A Pflugerville, Texas, landscape company pleaded guilty March 21 to misrepresenting its payroll so it could pay less for workers’ compensation coverage, according to the Texas Department of Insurance. Jammers...
New Jersey Woman Charged with Stealing More Than $46K in Workers’ Comp Benefits
Apr 3 2018 // A Jersey City, N.J., woman has been charged with stealing more than $46,000 by fraudulently collecting her mother’s workers’ comp dependency benefits for nearly three years after she died. Wanda Berry was...
