Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Data of Nearly 2,000 Customers Stolen by Florida Vacation Firm Worker
Jul 22 2015 // An employee at a Florida company that offers promotional vacations has been charged with stealing reservation documents and then selling the credit card information of more than 1,855 customers to two other people, Orlando...
Hanover Enhances Fidelity, Crime Coverage
Jul 21 2015 // The Hanover Insurance Group, Inc. has launched a new Fidelity & Crime Advantage coverage program offered within its management liability portfolio. The coverage provides businesses with an enhanced product suite to...
North Carolina Man Charged with 8 Counts of Insurance Fraud
Jul 20 2015 // A Raleigh, N.C., man has been charged with eight counts of insurance fraud, eight counts of obtaining property by false pretense, four counts of attempting to obtain property by false pretense and four counts of providing...
Signed, Sealed, Delivered: Florida’s 2015 Insurance Legislation Takes Effect
Jul 17 2015 // Below is a list of insurance-related Florida legislation passed by lawmakers in the 2015 regular session. All legislation has been approved by Governor Rick Scott and became effective as of July 1, 2015. HB1133 –...
Ex-Oppenheimer Exec Gets Jail Time for Role in Oklahoma Insurer Fraud
Jul 16 2015 // A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen Reichman, 54, and three...
U.S. Appeals Court Rules for Whistleblowers in State Farm Katrina Fraud Case
Jul 16 2015 // Whistleblowers who sued State Farm Fire and Casualty Co. can seek more evidence of fraud against the U.S. government after 2005’s Hurricane Katrina, a federal appeals court ruled July 13. In its decision, the New...
More Small Employers Using Video to Detect Workers’ Comp Fraud
Jul 15 2015 // Trust is hard to come by, and the proof for that cliché is now in the pudding – at least in the world of workers’ compensation. While roughly one-in-10 small business owners say they’re concerned that one of...
Arkansas AG Launches Metal Theft Enforcement Program
Jul 15 2015 // Arkansas Attorney General Leslie Rutledge recently announced a new initiative from the Attorney General’s Special Investigations Division to combat the problem of metal theft. During a press conference at the state...
FBI: Global Criminal Hacker Forum Darkode Shut Down
Jul 15 2015 // The U.S. Department of Justice and FBI said today that they along with an international coalition of law enforcers have shut down the underground computer hacking forum known as Darkode and filed criminal charges against...
Exposing Insurance Frauds Saves UK Customers $5.588 Million a Day: ABI Study
Jul 13 2015 // The Association of British Insurers (ABI) has published figures showing that £3.6 million [$5.588 Million] a day is being “saved by exposing insurance cheats.” It is only one of the “factors helping to...
Florida Fraud Case to be Featured on A&E Series
Jul 9 2015 // The Florida Division of Insurance Fraud will be featured on tonight’s episode of A&E’s newest series, American Takedown, at 10pm EST. According to producers, American Takedown goes behind the scenes of...
North Carolina Man Charged with 8 Counts of Insurance Fraud
Jul 8 2015 // A Raleigh, N.C., man has been charged with eight counts of insurance fraud, eight counts obtaining property by false pretense, four counts of attempting to obtain property by false pretense and four counts of providing a...
Friday Afternoon Scam Cost Hedge Fund $1.2 Million – and CFO’s Job
Jul 7 2015 // The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and...
Officials Discover Heavy Equipment Theft Ring in 6 South Carolina Counties
Jul 6 2015 // One man has been jailed and another is being sought as county officials in Florence and Clarendon, South Carolina say they’ve discovered a heavy equipment theft ring that operated in six counties. The Morning News of...
7 in California and Washington Charged with 100+ Counts of Auto Insurance Fraud
Jul 6 2015 // Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the...
Missouri Pair Sentenced to Prison for Arson, Insurance Fraud
Jul 2 2015 // Two men have been sentenced to federal prison for arson and insurance conspiracy after authorities say they conspired to burn houses they bought and insured in Kansas City, Mo. A news release from U.S. Attorney Tammy...
Florida PIP Clinic Owner Charged with More Than $100K in Insurance Fraud
Jun 30 2015 // The Florida Division of Insurance Fraud announced the arrest of Dr. Troy Godsey and Renata Berriel Deazevedo for their roles in a scheme to defraud multiple insurance companies of more than $100,000. Troy Godsey, a...
N.J. Man Sentenced for Insurance Fraud Over Damage Done to Car
Jun 29 2015 // A Newark, New Jersey, man who committed insurance fraud is now headed to prison. New Jersey state authorities say Derrick Smith recently received a three-year sentence. Smith sought more than $15,000 from his insurer for...
Beazley Hires Kontonotas as Crime & Fidelity Underwriter in New York
Jun 26 2015 // Michael Kontonotas Specialist insurer Beazley hired Michael Kontonotas as an underwriter for the company’s crime & fidelity bond underwriting team. He will work from Beazley’s New York office. Kontonotas...
Beazley Introduces Fraudulent Instruction Insurance
Jun 25 2015 // Beazley has introduced fraudulent instruction insurance, a new coverage to address losses from the transfer of funds as a result of fraudulent instructions from a person purporting to be a vendor, client or authorized...
