Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Connecticut Attorney Facing Sentencing for $1.7M Insurance Fraud
Jul 7 2014 // An attorney is facing sentencing in Connecticut for his role in an insurance fraud scheme. Joseph Haddad of Orange, Conn., is scheduled to be sentenced on Thursday, July 10, in federal court in Bridgeport,...
NICB Reports on Most Stolen SUVs/CUVs
Jul 7 2014 // The National Insurance Crime Bureau (NICB) released a report on June 16 that examines thefts of sport utility vehicles (SUVs) and crossover utility vehicles (CUVs) reported stolen in the United States between Jan. 1, 2010...
Insurers Suspect Fraud, Sue Phillips Asbestos Trust
Jul 6 2014 // Six insurance companies are suing an asbestos personal injury trust set up by a U.S. unit of Philips that the insurers suspect has been making millions of dollars in fraudulent payments to parties that cannot prove they...
2 Chiropractors in Connecticut Face Sentencing for Fraud
Jul 1 2014 // Two chiropractors in Connecticut face sentencing for falsifying medical records. Jennifer Lynne of Milford and George DeCarvalho of Stamford are scheduled to be sentenced Tuesday in federal court in Bridgeport. DeCarvalho...
Trial Expected in Ex-Kansas Insurance Agent Theft Case
Jun 30 2014 // The attorney for a former Kansas insurance agent accused of stealing nearly $2 million from policyholders says the case is expected to go to trial. Kari Schmidt said her client, Jason Matthew Pennington, has not reached a...
Memphis Hopes Reward Program Will Curb Copper Thefts
Jun 30 2014 // Officials in Memphis have launched an initiative aimed at decreasing copper thefts in the city. The CopperStoppers program will offer a financial reward if people supply information that leads to an arrest. The program...
AIG Responds to Supreme Court ‘Fraud on the Market’ Ruling with D&O Endorsement
Jun 27 2014 // American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in...
Facebook User Data Sought by New York D.A. in Disability-Fraud Probe
Jun 27 2014 // Facebook Inc. was ordered by a judge last year to turn over account information of 381 users who were investigated by the Manhattan District Attorney in New York for cheating to obtain disability benefits. Facebook, the...
Phantom Collisions Result In Multiple Arrests in California
Jun 26 2014 // Joel Paredes Saldana, 22, owner of Lightning Auto Body in Riverside County, was arrested Wednesday as California Department of Insurance detectives and multiple allied agencies swept up at least 19 co-conspirators...
3 More Arrests, 1 Conviction in Florida PIP Fraud Cases
Jun 26 2014 // Florida Chief Financial Officer Jeff Atwater announced the arrests of three individuals in Fort Lauderdale for their alleged involvement in a staged accident that resulted in fraudulent personal injury protection (PIP)...
Top 10 Metro Areas for Car Thefts
Jun 26 2014 // The National Insurance Crime Bureau’s (NICB) “Hot Spots” report examines vehicle theft data obtained from the National Crime Information Center (NCIC) for each of the nation’s metropolitan...
New York AG Sues Barclays Over Alleged ‘Dark Pool’ Fraud
Jun 26 2014 // The New York State’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it...
Safety Is Paramount for Texas Mutual CEO Gergasko
Jun 25 2014 // Richard Gergasko Richard Gergasko, CEO of workers’ compensation insurer, Texas Mutual Insurance Co., describes himself as an insurance geek. Trained as an actuary, he’s been involved in the insurance business...
Georgia Agency Owners Charged With Insurance Fraud
Jun 25 2014 // Georgia Insurance Commissioner Ralph Hudgens announced Tuesday that warrants have been issued for the arrest of a Gwinnett County insurance agent and her husband on multiple counts of insurance fraud. Officials said...
U.S. Ambassador Presses China Over Cyber Theft, Investment Treaty
Jun 25 2014 // Cyber theft of trade secrets by China is a threat to U.S. national security, U.S. Ambassador to China Max Baucus said on Wednesday in the first major public address of his tenure, warning that Washington would continue to...
Traders Wary of Metal Financing Risk in China’s Unregulated Warehouses
Jun 24 2014 // Shaken by a fraud investigation into metal financing in the world’s seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China’s sprawling...
Texas Man Sentenced, Another Pleads Guilty in Machinery Theft Scheme
Jun 20 2014 // United States Attorney Stephanie A. Finley in Louisiana announced that one Texas man has been sentenced and another has pleaded guilty in a scheme to steal tractors and other large equipment and sell the items in...
ABI Lauds Arrest of 11 Persons for Travel Insurance Fraud
Jun 20 2014 // A bulletin on the website of the Association of British Insurers (ABI) notes that a “nationwide operation into suspected fraudulent travel insurance claims led by the City of London Police’s Insurance Fraud...
Maine Saw Largest Crime Rate Decrease in 20 Years in 2013
Jun 19 2014 // Crime in Maine dropped 9.1 percent last year, a steep drop from the previous year and the biggest decline in 20 years, Maine Department of Public Safety Commissioner John Morris said Tuesday. The commissioner, joined by...
Former Ohio Insurance Agent Gets Jail Time on Fraud-Related Charges
Jun 17 2014 // Former West Mansfield insurance agent Robert Horney, of Marysville, Ohio, was sentenced in Logan County Common Pleas Court to serve 60 days in jail, five years on community control and ordered to pay more than $21,000 in...
