Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Physical Therapists, Others Charged in Miami PIP Fraud Scheme
Apr 18 2022 // Two physical therapists and five other Miami people were arrested last week and charged with running an extensive auto insurance fraud ring, staging accidents and billing insurers as much as $161,000. Florida’s...
California Contractor Arraigned for Workers’ Comp Fraud
Apr 18 2022 // Adan Deniz, 43, a contractor from Santa Clarita, California, was arraigned on 21 felony counts of forgery, theft by false pretense, and workers’ compensation insurance fraud after allegedly creating fraudulent...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime
Apr 18 2022 // It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business Email Compromise scams involve criminals hacking into email accounts, pretending to be someone...
Former California Insurance Agent Arraigned for Allegedly Stealing Premiums
Apr 14 2022 // Formerly licensed insurance agent David Lance Hall, 64, of Bakersfield, California, was arraigned this week in Kern County Superior Court on six felony counts of theft and misappropriations of fiduciary funds after...
California’s PG&E Avoids Criminal Charges in Settlements Over 2 Major Wildfires
Apr 12 2022 // California utility PG&E Corp. has reached settlement agreements with district attorneys representing Northern California counties to avoid prosecution over two major wildfires, with the company agreeing to pay $55...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime
Apr 12 2022 // It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business Email Compromise scams involve criminals hacking into email accounts, pretending to be someone...
CEO of Rental Giant Hertz Vows to Fix False Theft Reports
Apr 12 2022 // The new CEO of Hertz says he’s working to fix a glitch in the rental-car giant’s systems that has led to some of its customers being wrongly accused of stealing cars they had rented. Stephen Scherr, who took...
No-Fault Auto Insurance Lead Fraudster Sentenced to 7 Years for Bribery
Apr 11 2022 // A man prosecutors said was a leader of a conspiracy that involved bribing 911 operators, hospital workers, and police officers to obtain the confidential information of tens of thousands of New York and New Jersey motor...
California Contractor Arraigned for Workers’ Comp Fraud
Apr 11 2022 // Adan Deniz, 43, a contractor from Santa Clarita, California, was arraigned today on 21 felony counts of forgery, theft by false pretense, and workers’ compensation insurance fraud after allegedly creating fraudulent...
17 Arrested in Carolina Auto Insurance Fraud; Alleged Ringleader at Large
Apr 6 2022 // South Carolina authorities have charged 17 people in what’s being called a major insurance fraud ring that staged vehicle collisions and filed false claims over a one-year period. The alleged fraud took place from...
Fake Financial Records Are Readily Available as U.S. Hunts for Fraud
Apr 6 2022 // For anyone who wants a phony pay stub or doctored tax return, an easy source is just a click away. A website called banknovelties.com claims it can provide “fake bank statements” as well as “fake pay...
Japanese Insurer Tokio Marine Says Greensill Obtained Policies Fraudulently
Apr 4 2022 // Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would “vigorously...
Louisiana Doctor Pleads Guilty to Workers’ Comp Fraud Conspiracy
Apr 4 2022 // An Alexandria, Louisiana physician pleaded guilty to having conspired to violate three different federal statutes in connection with a scheme to defraud both federal and private workers’ compensation insurers. U.S....
Drop in Cargo Thefts Follows Spike During Pandemic Lockdowns
Apr 4 2022 // A rash of railcar thefts in the Los Angeles area may have given a different impression, but nationally the number of reported cargo thefts dropped by 15% in 2021 compared to the prior year, according to CargoNet’s...
Former Licensed California Agent Faces Insurance Fraud Charges
Apr 4 2022 // A former licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned...
Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics
Mar 30 2022 // Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends, according to guests on the most recent episode of The Insuring Cyber Podcast. Jeff...
London Insurance Brokers Probed for Bribery and Corruption by UK Serious Fraud Office
Mar 25 2022 // A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according to people familiar with the probe. The fraud cops are examining the way firms,...
Former Licensed California Agent Faces Felony Insurance Fraud Charges
Mar 24 2022 // Formerly licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned...
Funds Transfer Fraud Skyrockets in 2021; Small Businesses Hit Hard
Mar 21 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition. According to its 2022 Cyber...
Texas Oilfield Company Charged With Workers Safety, Environmental Crimes
Mar 21 2022 // A federal grand jury in Midland, Texas, returned an indictment charging an oilfield company and an executive of the company with worker safety and environmental crimes. According to court documents, Aghorn Operating Inc....
