Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Political Operatives Ordered to Pay $50,000 in Restitution for Fraudulent Charity in Ohio Train Derailment Case
Aug 15 2023 // COLUMBUS, Ohio (AP) – Three men who have worked as Republican political operatives agreed to pay more than $50,000 in restitution and penalties in Ohio for their roles in operating a phony charity that collected cash...
Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft
Aug 15 2023 // Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models –...
Former Tenn. Senator, Tort-Reformer, Sentenced in Campaign Finance Fraud
Aug 14 2023 // A former Tennessee state senator who was active in tort reform, judicial appointments and health insurance changes, was sentenced to 21 months in prison after he unsuccessfully tried to take back his guilty plea on federal...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability
Aug 10 2023 // Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a...
Cargo Theft Increased 57% in Q2; High-Value Shipments Targeted
Aug 9 2023 // There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57% increase when compared to the second quarter of 2022, according to the latest CargoNet report. Ongoing...
Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss
Aug 7 2023 // A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S....
Judge Tosses Fraud Against Exec in SC Nuclear Debacle, But New Case Could Follow
Aug 7 2023 // A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power. The judge...
Pennsylvania Socialite, Convicted of Millions in Insurance Fraud, Dies at 71
Aug 4 2023 // The judge called it a “spectacular” fall from grace after a well-known Pennsylvania socialite was convicted in 2019 of more than $13 million in insurance fraud. Four years later, the Bucks County woman, Claire...
Massachusetts Physical Therapy Clinic Owner Sentenced for $7M Auto Insurance Fraud
Aug 2 2023 // The owner of a Massachusetts physical therapy clinic who defrauded 24 auto insurers by submitting largely bogus treatment claims was sentenced Wednesday to three years in prison and ordered to pay $7,383,756 in...
Former Mississippi Governor Sues News Site Over Welfare Fraud Comments
Aug 1 2023 // Former Mississippi Gov. Phil Bryant is suing a local news organization, claiming it defamed him in public comments on the misspending of $77 million of federal welfare funds intended to help some of the poorest people in...
Study: Motor Vehicle Thefts Soar in First Half of 2023
Jul 28 2023 // During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released this week by the Council on Criminal Justice. Continuing an upward...
Japanese Used-Car Exec to Step Down After Revelations of Fraudulent Insurance Claims
Jul 26 2023 // The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims by the company’s repair shops, a scandal that has also ensnared Sompo Japan...
Pastor to Go to Jail, Repay Church and Insurer for Stealing $130K to Cover Gambling
Jul 25 2023 // A New Hampshire executive pastor has been sentenced to 18 months in prison for stealing about $130,000 from his church to pay off gambling debts and make purchases. Gregory Neal, of Barrington, 45, was sentenced in federal...
Former California Agent Sentenced for Stealing From Consumers
Jul 17 2023 // Christopher Ramos, 45, of Santa Rosa, California, was sentenced to four years in prison after an investigation by the California Department of Insurance reportedly found he stole more than $189,000 from consumers and left...
Report: US Lacks Comprehensive Cybercrime Data
Jul 17 2023 // The United States lacks comprehensive cybercrime data and monitoring — leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office. Federal...
Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud
Jul 13 2023 // Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued...
Penske Truck Denies Fraudulent Inspection Allegations But Will Pay $3.5M to End Dispute
Jul 13 2023 // Penske Truck Leasing Co. will pay up to a $3.5 million civil penalty for alleged fraudulent safety and emissions inspections on fleet trucks and trucks it rented for commercial use. According to Massachusetts Attorney...
Barclays Wins UK Supreme Court Appeal Over Push Payment Fraud
Jul 13 2023 // Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation. Fiona...
Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case
Jul 13 2023 // A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds that collapsed amid market fluctuations caused by the Covid-19...
Former Delaware Trooper Faces Lawsuit for Theft Scheme Targeting Shipping Firm
Jul 10 2023 // A package reshipping company targeted in a theft scheme by a former Delaware State Police trooper has filed a lawsuit against him and the police agency. TotalTransLogistics LLC said in a complaint filed this week in...
