Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Volkswagen Agrees to $4.3 Billion U.S. Settlement Over Emissions Fraud
Jan 11 2017 // Volkswagen AG confirmed on Tuesday it has negotiated a $4.3 billion draft settlement with U.S. regulators to resolve its diesel emissions troubles and plans to plead guilty to criminal misconduct. The guilty plea is part...
Morrison Mahoney Hires 13 Attorneys in New York
Jan 10 2017 // Morrison Mahoney has hired 13 attorneys, including 5 partners and 8 associates, to the firm’s New York office. The group will be based in New York and provide service across all of Morrison Mahoney’s 10...
California DIR Releases Overview of New Laws
Jan 9 2017 // The California Department of Industrial Relations released its 2016 Legislative Digest, which summarizes new laws that impact workers and employers. Most of the chaptered bills took effect on Jan. 1. Highlights of those...
Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm
Jan 5 2017 // The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July was also behind an ATM hacking spree in more than a dozen European nations last year, according to...
Texas Clinic Owner Pleads Guilty to $1M Insurance Fraud
Jan 3 2017 // A Gainesville, Texas, clinic owner has pleaded guilty to insurance fraud and was ordered to repay $1 million after an investigation by the Texas Department of Insurance found that he billed for chiropractic services...
New York Issues First-in-Nation Regulation on Commercial Crime Insurance
Jan 3 2017 // New York State’s Department of Financial Services (DFS) in December issued a new regulation that prohibits insurance companies from denying commercial crime insurance coverage to New York businesses employing people...
California DIR Releases Overview of Upcoming New Laws
Dec 29 2016 // The California Department of Industrial Relations has released its 2016 Legislative Digest, which summarizes new laws that impact workers and employers. Most of the chaptered bills are slated to take effect on Jan. 1,...
Fidelity National Unit Reported Close to Settlement Over Robo-Signing
Dec 29 2016 // A Fidelity National Financial Inc. subsidiary is in final talks to pay as much as $65 million to resolve U.S. government accusations that it contributed to improper and fraudulent foreclosures after the 2008 credit crisis,...
Unlicensed Miami Public Adjuster Arrested for $100K Water Claims Scam
Dec 29 2016 // A Miami man was arrested on multiple felony fraud and grand theft charges following an investigation by the Florida Department of Financial Services’ Division of Investigative and Forensic Services (DIFS). Julian...
School Transit Company, Owner Charged with Insurance Fraud in Pennsylvania
Dec 27 2016 // A school transit company with a $2.4 million contract to provide rides to special needs students in a Pittsburgh-area charter school network has been charged with failing to properly insure some vehicles and hiring drivers...
Halliburton Settles Securities Fraud Class Action for $100 Million
Dec 27 2016 // Halliburton Co. on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. The...
Ex-Nanny for Penguins Player in Pennsylvania Gets 5-Year Federal Sentence
Dec 22 2016 // The former nanny of Pittsburgh Penguins player Chris Kunitz was sentenced Tuesday to five years in federal prison for setting fire to her rental residence and then filing fraudulent insurance claims for the contents. The...
New York Regulates Crime Insurance Underwriting of Firms Hiring Ex-Convicts
Dec 21 2016 // New York Governor Andrew Cuomo on Wednesday issued a regulation making it easier for businesses to hire former convicts by prohibiting insurance companies from refusing coverage for crime-related losses caused by...
False Claims Settlements in 2016 Top $4.7 Billion: Justice Department
Dec 15 2016 // The Department of Justice obtained more than $4.7 billion in settlements and judgments from civil cases involving fraud and false claims against the government in fiscal year 2016. This is the third highest annual recovery...
Vermont Ski Resort Owner Suing Insurer to Fund Defense in Fraud Case
Dec 15 2016 // A Vermont ski resort owner is suing his insurer in federal court for more than $2 million to fund his legal defense against fraud accusations brought by the Securities and Exchange Commission. Jay Peak owner Ariel Quiros...
13 New York City Workers Arrested in $500K Insurance Fraud Scheme
Dec 15 2016 // Thirteen current and former New York City employees have been arrested in a $500,000 insurance fraud scheme. Authorities say 10 FDNY emergency medical technicians and paramedics, including EMS officers, and three NYPD...
Ex-Mayor of Ohio Village Sentenced for Insurance Fraud, Theft
Dec 12 2016 // The former mayor of an eastern Ohio village has been sentenced to seven months in corrections facilities after being convicted of charges including insurance fraud and theft in office. Ex-Smithfield Mayor Patricia Freeland...
Former Oklahoma Insurance Agent Charged with $64K Theft
Dec 12 2016 // A former Tulsa insurance agent was charged on Dec. 8 with embezzling more than $64,000, the Oklahoma Insurance Department announced. The charges against Michael W. Hefner, 47, are the result of a joint investigation by the...
Feds Charge 18 People in Pennsylvania Prescription Fraud
Dec 12 2016 // Federal prosecutors in Pittsburgh have charged 18 people in 13 separate indictments with fraudulently obtaining prescription painkillers from government insurance programs then re-selling them on the street. Most of the...
State Police: Man Arrested in Louisiana Had $393K Worth of Stolen Vehicles
Dec 9 2016 // The Louisiana State Police announced the arrest of a 38-year-old St. Bernard man who is accused of possessing approximately $393,000 worth of stolen vehicles. Detectives assigned to the Bureau of Investigations Auto...
