Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Trucking Company, Driver Face Criminal Charges in Georgia Crash that Killed 5
Jun 17 2016 // A grand jury has indicted a tractor-trailer driver and his employer accused of causing a fiery interstate crash that killed five Georgia Southern University nursing students. The Bryan County grand jury on Wednesday...
Supreme Court Limits Fraud Claims Against Federal Contractors
Jun 17 2016 // The U.S. Supreme Court on Thursday imposed some limits on the kind of fraud claims that can be brought against federal contractors in a case involving a suit against one of America’s largest hospital operators over a...
Washington Doctor Charged with Stealing $359K In Disability, Unemployment Funds
Jun 15 2016 // A Washington physician faces charges in connection with insurance fraud following an investigation by the Washington Department of Insurance. Dr. Jian Xu, 59, faces felony charges in King County Superior Court of...
Other Calderon Pleads Guilty to Bribery as Part of Workers’ Comp Scheme
Jun 13 2016 // The United States Attorney for the Central District announced on Monday that former California State Sen. Ronald S. Calderon has agreed to plead guilty to a federal corruption charge. Calderon admitted in a plea agreement...
Oklahoma Man Gets 18-Year Sentence for Insurance Fraud
Jun 13 2016 // An Oklahoma man has been sentenced to 18 years in prison for insurance fraud. Oklahoma Attorney General Scott Pruitt announced that LaTroy Staglin was sentenced after being convicted on nine felony counts of submitting a...
N.Y. Court Says BofA, Countrywide Merger Communications Must Be Disclosed
Jun 13 2016 // New York’s highest court ruled on June 9 that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The...
Companies Rely More on Tips Than Technology to Detect Fraud: KPMG
Jun 13 2016 // Fraudsters are more often caught by tip-offs and complaints, management review, accidentally, suspicious superiors and internal audits than by use of technology and data analytics. According to consulting firm KPMG, North...
U.S. Olympian Says Gold Medal Stolen From Car in Atlanta
Jun 10 2016 // An American Olympian is searching for his 1992 gold medal after he says it was stolen by thieves who broke into his car in Atlanta. Joe Jacobi won a gold medal for the U.S. in the two-man canoe slalom event in Barcelona,...
Missouri Insurance Agent Sentenced to 7 Years in Prison for Fraud
Jun 8 2016 // A Missouri insurance agent has been sentenced to prison for fraud following an investigation by the McDonald County Sheriff’s Office and the Missouri Department of Insurance, Financial Institutions & Professional...
Ohio Insurers Group: 11 Metro Areas in State See Decline in Auto Thefts
Jun 7 2016 // The Ohio Insurance Institute (OII) reported that 11 of the 15 Ohio metro areas (MSAs) in the National Insurance Crime Bureau’s (NICB) Hot Spots report show a decline in auto thefts between 2014 and 2015, based on...
Missouri Museum Upgrading Security Following Warhol Thefts
Jun 7 2016 // A Missouri art museum has been working to upgrade security since several iconic Andy Warhol prints were stolen in April. Seven Warhol Campbell’s Soup prints were stolen from the Springfield Art Museum on April 7,...
Spike in Metal Theft Still Rattles Illinois Task Force
Jun 6 2016 // Illinois lawmakers have convened a task force to investigate a spike in the theft of recyclable metals. There was a spike in thefts a few years ago when the price of copper and other recyclable metals rose. Copper wiring...
Top 100 Metro Areas for Vehicle Theft: NICB’s ‘Hot Spots’
Jun 6 2016 // When it comes to vehicle theft, California’s on top. California owns eight of the top 10 hot spots for vehicle theft in 2015, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots...
North Carolina Man Jailed for Alleged Insurance Fraud Scheme
Jun 6 2016 // A North Carolina man has been arrested on numerous insurance fraud-related charges, according to a statement from the North Carolina Department of Insurance (NCDOI). Commissioner Wayne Goodwin announced the arrest of...
Georgia Teen Accused of Crashing While Snapchatting Faces Suit, Criminal Charges
Jun 3 2016 // A teenage driver accused in a lawsuit of causing a collision in Georgia while using the Snapchat app’s “speed filter” is now facing criminal charges. News outlets report a Clayton County judge signed...
Greenberg Facing Trial in New York AG’s Case Tied to AIG Reinsurance Deal
Jun 2 2016 // Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed...
California Agent Pleads Guilty to Selling Bogus Bonds and Premium Theft
Jun 1 2016 // John Antonio Ruiz, 49, of Riverside, Calif., pleaded guilty to 11 felony counts of grand theft after selling $334,972 in bogus surety bonds and stealing the client’s premium. His theft left a major retailer exposed...
Two Plead Guilty in Insurance Fraud Cases in Arkansas
Jun 1 2016 // The Arkansas Insurance Department announced that two guilty pleas have been secured in relation to property theft and insurance fraud charges. The cases were handled by AID’s Criminal Investigation Division On May...
Former Mass. Health Insurance Official Charged With Stealing $122K
Jun 1 2016 // A former official at the Massachusetts Group Insurance Commission (GIC) has been indicted in connection with allegedly stealing more than $122,000 from the state agency. Ennio Manto, 52, of Braintree, Massachusetts, was...
Credit Suisse Sells Operational Risk Bonds, Insuring Rogue Trading, Cyber Crime
May 27 2016 // Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of bonds designed to offload potential losses on events like rogue trading, with some investors sidestepping the issue because of the incalculable...
