Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency
Nov 8 2016 // Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National...
Kentucky Reports 800% Increase in Court-Ordered Insurance Restitution Payments
Nov 8 2016 // The Fraud Division of the Kentucky Department of Insurance (DOI) announced that it has increased the amount of court-ordered restitution payments this year by more than 800 percent. The increase—from $369,762 in 2015 to...
Louisiana Man Sentenced for Stealing Sister’s Insurance Settlement
Nov 7 2016 // A Lafayette, La., man has been sentenced to nearly 5 years in prison for stealing nearly $1.5 million from an insurance settlement his sister received while she was incapacitated. News outlets report U.S. Attorney...
Cyber Criminals Steal Money from Nearly 20,000 Customers of UK’s Tesco Bank
Nov 7 2016 // Tesco Bank, the lending arm of the U.K.’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. About 40,000 of the bank’s 136,000...
The Competitive Advantage: Are Your Companies Stealing Your Expirations?
Nov 7 2016 // Three times in three months now, I have seen major carriers “provide” contracts that in some cases outright take ownership of agency expirations and in another case only take an “interest” in them....
Goldman Sachs, Paulson Settle Fraud Claims by Bond Insurer Over Subprime CDO
Nov 6 2016 // Goldman Sachs Group Inc. has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial...
North Carolina Man Accused of Conspiring to Commit Insurance Fraud
Nov 3 2016 // A North Carolina man has been arrested for allegedly conspiring to commit insurance fraud. According to a statement from the North Carolina Department of Insurance, Timothy Allen Green, 54, of Louisburg has been charged...
Drivers Leaving Keys for Thieves a Growing Problem, Says Insurers’ Crime Bureau
Nov 2 2016 // Last year, one out of every eight car thefts was a freebie for the thief because the driver left the keys or the car access device inside. It’s a growing problem according to a report from the insurance...
Arkansas Man Gets 1-Year Sentence for Insurance Fraud
Oct 31 2016 // The Arkansas Insurance Department reported that a North Little Rock man has been sentenced to one year in prison after pleading guilty to insurance fraud. On Oct. 25, Antonio Fowler, 30, pleaded guilty to one count of...
Car Theft, Break-Ins Top List of Most Common Crimes in Kentucky City
Oct 31 2016 // Lexington, Ky., officials say property thefts, especially those involving vehicles, are among the most frequently committed crimes in Kentucky’s second-largest city. The Lexington Herald-Leader reports more than 260...
Hanover Accuses Memphis Recording Studio of Insurance Fraud After Arson Fire
Oct 30 2016 // An insurance company that paid more than $2.8 million in claims after an arson fire damaged an historic Memphis music recording studio has now accused a rock music label company of fraud and wants its money back. The...
New York Man Previously Acquitted of Murder Found Guilty of Insurance Fraud
Oct 27 2016 // A Hudson Valley dentist acquitted earlier this year of fatally poisoning his ex-lover’s husband has been convicted of fraud and theft. The Daily Freeman of Kingston reports an Ulster County Court jury on Tuesday...
Painting Stolen Off the Wall from Muhammad Ali Center in Kentucky
Oct 26 2016 // Artwork showing Muhammad Ali in a classic pose, in white trunks and red boxing gloves, was stolen from an exhibit while it was open to the public at the Muhammad Ali Center. Surveillance cameras recorded the brazen theft,...
Michigan Doctor, a Former Lawmaker, Gets Probation for Insurance Fraud
Oct 26 2016 // A Lansing, Mich.-area doctor who is a former state lawmaker has been placed on probation for making false statements to an insurer. Judge Robert Jonker on Oct. 24 gave a significant break to Paul DeWeese, whose clinic, NBO...
Couple Wanted in Louisiana Flood Contractor Fraud Scheme
Oct 26 2016 // Tangipahoa Parish, Louisiana, sheriff’s deputies say a man and a woman with numerous aliases are wanted in a flood contractor scheme that has taken more than $35,000 from two victims already in the Ponchatoula and...
$125M ‘Spinal Tap’ Fraud, Copyright Termination Suit Filed
Oct 24 2016 // Harry Shearer has launched a $125 million fraud and contract-breach lawsuit against Vivendi and StudioCanal over the 1984 rockumentary classic This Is Spinal Tap. The complaint, filed last week in California federal court,...
Jury Convicts Houston Execs in Healthcare Fraud Scheme
Oct 20 2016 // A federal jury in Houston has convicted three executives from a physical therapy chain for their roles in submitting about $9.6 million in false and fraudulent claims for healthcare services that weren’t provided to...
New Jersey Man Sentenced to 3 Years in Prison for Insurance Fraud
Oct 19 2016 // New Jersey Attorney General Christopher S. Porrino and the Office of the Insurance Fraud Prosecutor announced that a Woodbridge, N.J., man was sentenced to three years in prison for reporting that his motorcycle had been...
Texas Health Clinic Owner Sentenced for Workers’ Comp, Insurance Fraud
Oct 17 2016 // The owner of a Houston health clinic pled guilty to insurance fraud after billing for medical services – often provided to injured employees – despite having no licensed medical staff at the clinic, the Texas...
Ex-CEO of Indiana Nursing Home Company Indicted for Fraud, Kickback Scheme
Oct 14 2016 // The former CEO of a company that operates dozens of Indiana nursing homes and three others face federal charges in a kickback scheme worth millions of dollars, according to an indictment released on Oct. 12. Grand jurors...
