Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Iowa Nurse Charged With Insurance Fraud
Jun 18 2024 // An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony), following an investigation by the Iowa Insurance Division’s Fraud Bureau. Amanda Manatt, age 35, of...
SEC Charges AI-Based Startup With ‘Old School Fraud Using New School Buzzwords’
Jun 14 2024 // The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million. According to the...
California Is Sitting on Millions That Could Boost Wage Theft Response
Jun 12 2024 // As lobbyists for businesses and labor groups negotiate with Gov. Gavin Newsom’s administration on how to amend a unique California labor law that allows workers to sue their bosses, the two sides seem to agree on at...
Workers’ Comp Fraud Task Force Uncovers $30M Scheme in California
Jun 12 2024 // A pair of businessmen were arraigned on multiple felony counts including insurance fraud, grand theft, and tax fraud after a California Department of Insurance investigation found they allegedly underreported over $29.2...
Attempted Bribe Doesn’t Stop Jurors From Convicting Defendants in $40M Fraud Scheme
Jun 10 2024 // MINNEAPOLIS (AP) — A jury convicted five Minnesota residents and acquitted two others on Friday for their roles in a scheme to steal more than $40 million from a program that was supposed to feed children during the...
Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse
Jun 10 2024 // A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of...
Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA
Jun 6 2024 // USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate...
Only a Third of $2.7M Stolen in Miss. County Hacking Scam Has Been Returned
Jun 6 2024 // CANTON, Miss. (AP) — Madison County has recovered an estimated $900,000 after an investigation found that the county was defrauded out of millions of tax dollars, authorities said Monday. Sheriff Randy Tucker updated the...
Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says
Jun 6 2024 // GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled this week that two of those...
Kansas Man Sentenced to Probation for Auto Insurance Fraud
Jun 5 2024 // Kansas Insurance Commissioner Vicki Schmidt announced that a Kansas man has been sentenced to six months of probation for insurance fraud. Robert Heidbreder, age 30, pleaded guilty in the District Court of Sedgwick County...
Fort Myers Life Insurance Broker Charged With Policy Fraud, Misusing ID Info
Jun 4 2024 // Florida financial regulators have charged a Fort Myers insurance broker with taking out a life insurance policy on a person without their knowledge and misusing the person’s identification information. Bryce Corey...
Orchestrator of $60 Million New York Auto Insurance Fraud Gets 10 Years in Prison
Jun 4 2024 // A New Jersey man who orchestrated a 13-year long, $60 million no-fault automobile insurance scam in New York has been sentenced to 10 years in prison. Bradley Pierre was sentenced by U.S. District Judge Paul G. Gardephe...
Tennessee, Kentucky Tobacco Farmer Sentenced for Second Crop Insurance Fraud
May 31 2024 // A Kentucky tobacco farmer has been sentenced to more than three years in prison after pleading guilty to crop insurance fraud, eight years after he was convicted of similar crimes. David Manion, 61, who resides in...
California Advances Legislation Cracking Down on Auto Theft, Stolen Goods Resellers
May 24 2024 // The California Senate approved a bipartisan package of 15 bills this that would increase penalties for organized crime rings, expand drug court programs and close a legal loophole to make it easier to prosecute auto...
California Janitorial Company Owners Arraigned for $2.4M Insurance Fraud
May 24 2024 // The husband-and-wife owners of a janitorial company were arraigned on multiple felony counts of insurance fraud after an investigation allegedly found the couple underreported payroll for their company by more than $2.4...
New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance
May 22 2024 // With recent news that Johnson & Johnson is going forward with a third bankruptcy plan of a subsidiary to settle tens of thousand of lawsuits that its talc products cause cancer, a class-action lawsuit was filed today...
Canada Plans Harsher Laws, Equipment Bans to Fight Car Theft
May 21 2024 // Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher penalties to combat a rising number of auto thefts across the country. Minister of Justice...
Triple-I and NICB Partner to Help Consumers Fight Contractor Fraud
May 21 2024 // The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking May 20-24 as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from...
Couple Staged Half Million Dollar Fraud Against Theater Nonprofit, Insurer Claims
May 21 2024 // Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a...
Michigan Police Arrest 6 Men for Stealing $8M Worth of Vehicles
May 20 2024 // LANSING, Mich. (AP) — Six men working as part of a criminal organization in Michigan have been arrested in connection with the theft of more than 400 vehicles worth about $8 million, authorities said last week. The men,...
