Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
May 20 2024 // Cyber claims frequency in the United States rose 13% last year, a new report shows. According to the 2024 Cyber Claims Report published by Coalition, an insurer focused on digital risks, cybercrime is “a thriving...
Indigenous Consultant Accuses Chicago Blackhawks of Fraud, Sexual Harassment
May 17 2024 // A consultant the Chicago Blackhawks hired to improve relationships with American Indian tribes has filed a lawsuit accusing the team, its charity foundation and its CEO of fraud, breach of contract and sexual...
15 Californians Charged in Complex Auto Insurance Fraud Ring
May 14 2024 // More than a dozen Southern California residents are reported to have conspired to create fraudulent insurance claims to illegally collect more than $350,000. They were arrested last week after an investigation reportedly...
Iowa Woman Charged With Insurance Fraud
May 13 2024 // Sarah Rahm, age 39, of Bondurant, Iowa was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony), following an investigation by the Iowa Insurance Division’s Fraud...
Texas Launches Compensation Program for Border Property Crime Damage
May 10 2024 // Texas landowners along the U.S.-Mexico border who have experienced damage caused by border property crime can now file for reimbursement of up to $75,000, attorney general Ken Paxton announced this week. Texas lawmakers...
China Construction Bank Sued in US Over Reinsurance Fraud Losses
May 10 2024 // China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud in the reinsurance industry that left companies with “monumental...
Range Rover Buyers Offered Insurance Cash After String of Thefts
May 9 2024 // Jaguar Land Rover Automotive Plc is offering to pay part of customers’ insurance costs for new Range Rovers after a string of thefts caused premiums to soar and left some unable to get cover. The British carmaker...
In Tesla Autopilot Probe, US Prosecutors Focus on Securities, Wire Fraud
May 8 2024 // U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told...
California Insurance Broker Sentenced for Identity Theft
May 8 2024 // Robert Kirby Wells, 64, of Woodland, California, was sentenced this week to two years in prison for aggravated identity theft. Court documents show Wells was an insurance broker for a company in Denver, Colorado, that...
Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit
May 7 2024 // Lenders to 777 Partners have accused it of fraud, claiming that the Miami-based investment firm borrowed against $350 million of assets that it didn’t own, didn’t exist or were already promised to someone...
Oklahoma Sues Gas Companies for Alleged Fraud During Winter Storm Uri
May 6 2024 // Two Texas-based natural gas companies are being sued by Oklahoma, which alleges they fraudulently reduced gas supplies to send prices soaring during Winter Storm Uri making huge profits while thousands shivered across the...
Class Action Settlements Flooded With Fraudulent Claims by Scammers
May 3 2024 // Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did...
Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud
May 3 2024 // After an investment research firm dropped a bombshell last month and sent shares of Globe Life Inc. plunging by 53%, the insurance company denied the allegations that officers had concealed fraud and sexual harassment...
California Business Owner Ordered to Pay $687K in Restitution for Workers’ Comp Fraud
May 3 2024 // A California business owner convicted of felony workers’ compensation insurance fraud was ordered to pay $687,560 in restitution to the victims. An investigation by the California Department of Insurance determined...
New Mexico Restaurant Settles Wage-Theft Complaint After Prolonged Legal Battle
May 2 2024 // New Mexico labor announced a legal settlement that resolves longstanding accusations of unpaid wages against a restaurant business in northwestern New Mexico. The Workforce Solutions Department said in a news release that...
California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll
May 2 2024 // Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a joint investigation with the California Department of Insurance, Solano County District...
Two Montgomery Workers Charged with Insurance Fraud in Alabama
Apr 30 2024 // Montgomery, Alabama, authorities have charged two workers – a contract employee and a firefighter – with insurance fraud in unrelated alleged scams. Local news outlet reported that Michael Granger Hicks, who worked for...
Report: Cybercrime ‘A Thriving Business’ as US Claims Frequency Rises
Apr 26 2024 // Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts”...
McKinsey Faces US Criminal Probe Over Opioids Work, Sources Say
Apr 25 2024 // McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising...
Property Owner Sued for Negligence in Hiring of Worker With Criminal Record
Apr 24 2024 // April Hurley’s attacker entered her apartment after identifying himself as the building maintenance man — a job he should never have obtained, according to a lawsuit filed Monday that accuses the property owner and...
