Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
2017 Florida Insurance Legislation to Watch
Mar 3 2017 // The Florida insurance market has been a hotbed of controversy over the last year, and many are looking at the Florida State Legislature to alleviate some of the concerns coming from consumers, businesses and the industry...
Massachusetts Man Sentenced for Stealing $1.5M from Employer
Mar 2 2017 // The former controller for a Milford, Mass.-based developer has been sentenced to up to three years in prison for stealing nearly $1.5 million from the company. Sixty-one-year-old Michael Lussier was sentenced Monday after...
Many Ontario Drivers Don’t Recognize Insurance Fraud’s Effects on Premiums
Mar 2 2017 // A recent survey of Ontario, Canada drivers raises concerns about their ability to recognize, and therefore reject and report, auto insurance fraud. The survey conducted by Ipsos for the Financial Services Commission of...
Judge Dismisses 15-Year Case Against UBS Over Enron Collapse
Mar 2 2017 // A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy...
Verisk Analytics Buys UK-Based Emergent Network Intelligence
Feb 28 2017 // Verisk Analytics Inc., the Jersey City, N.J.-based data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), an innovator in insurance claims efficiency and fraud detection solutions based in...
Ohio Man Pleads Guilty to Workers’ Comp Fraud
Feb 27 2017 // A Marion, Ohio, man who was injured on the job as an emergency medical technician in 2010 recently pleaded guilty to workers’ compensation fraud after investigators discovered him working as a high school bowling...
Company Founded by Google Accuses Uber of Autonomous VehicleTheft
Feb 27 2017 // A self-driving car company founded by Google is colliding with ridesharing service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged in a lawsuit...
Californian Sentenced for Felony Insurance Fraud in Sacramento
Feb 24 2017 // The Sacramento County District Attorney’s Office in California reported that Paige Nolasco, who pled no contest to felony insurance fraud, has been sentenced to 90 days in jail and five years’ formal probation,...
Tulsa Man Who Assaulted Insurance Adjuster Gets Life Sentence
Feb 23 2017 // A Tulsa, Okla., man who filed a bogus insurance claim and assaulted an insurance adjuster has been sentenced to life in prison, the state insurance department announced. Prentice E. Ponds II, 43, was on parole at the time...
Florida Hospital Company Reaches $5.5M Settlement Over Stolen Patient Info
Feb 21 2017 // A company that operates six South Florida hospitals has agreed to a $5.5 million settlement with the federal government over patient information that was stolen by two employees. The South Florida Sun Sentinel reported...
Virginia Assembly Passes Bill to Prevent Identity Theft
Feb 21 2017 // A bill that seeks to protect Virginians from losing their income tax refunds to identity thieves won final approval Wednesday in the General Assembly. The bill’s sponsor, Del. Mark Keam, D-Vienna, said thieves can...
The Future of Fraud Fighting: IoT and Telematics
Feb 20 2017 // Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk...
California DIR Suspends 7 Workers’ Comp Medical Providers for Fraud
Feb 17 2017 // California’s Department of Industrial Relations and its Division of Workers’ Compensation has suspended seven medical providers from participating in the state’s workers’ comp system. The providers...
Louisiana Woman Pleads Guilty to $116K Insurance Fraud
Feb 17 2017 // A Monroe, La., woman has pleaded guilty to mail fraud, admitting that she filed a $116,000 insurance claim for $1,000 in assets. U.S. Attorney Stephanie Finley says 54-year-old Lasandra Edwards filed for bankruptcy in...
Wisconsin Farmer Sentenced for Federal Crop Insurance Fraud
Feb 17 2017 // John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, announced that Mark E. Johnson, 50, a farmer in Dresser, Wis., was sentenced on Feb. 13, 2017, in a federal crop insurance fraud case. During...
Western Michigan Public Safety Chief Resigns Over Insurance Fraud Charge
Feb 15 2017 // A top public safety official in western Michigan has resigned while he faces a health insurance fraud charge. Greenville City Manager George Bosanic says Mark Reiss resigned on Feb. 13 as director of public safety. WZZM-TV...
Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas
Feb 15 2017 // Andrew Fastow, former chief financial officer (CFO) of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers (D&O)...
Greenberg Fights New York AG’s Spin on Reinsurance Saga
Feb 14 2017 // Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice “Hank” Greenberg over two reinsurance transactions that...
Suspected Shooter in Oklahoma Accused of Stealing Insurance Money
Feb 13 2017 // Federal investigators say an Oklahoma man who fatally shot himself this week after being suspected of killing two people was facing felony charges connected to an insurance scheme. An FBI affidavit alleges that 55-year-old...
Why Predictive Modeling Is Gaining as Fraud Fighting Tool
Feb 13 2017 // Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk...
