Florida’s Chief Financial Officer Tom Gallagher announced that four officers of the former Miami-based Aries Insurance Co. have been charged with diverting more than $60 million from the company. Aries was ordered into liquidation in 2002 and wrote personal and …
A Sacramento County Superior Court Judge recently sentenced Benjamin L. Barnes, 37, to 300 days in jail, five years of probation and ordered him to pay State Compensation Insurance Fund $60,000 in restitution following his conviction on eight counts of …
North Carolina Insurance Commissioner Jim Long announced Gevedon Insurance Agency, of Columbus, is currently under criminal investigation for numerous charges of alleged embezzlement. Polk County Sheriff’s Department and Columbus Police Department have been brought in to work with the North …
A Florida business owner has been arrested on charges that he burned down his seafood processing company in order to collect insurance proceeds, according to investigators with the state Fire Marshal’s Office. Investigators say Sanjeev “Paul” Singh, owner of Silverbeach …
A Florida man has been charged with selling fraudulent motor vehicle insurance cards to nearly 200 South Florida drivers, at least a dozen of whom are now facing charges for using the fake cards, Florida’s Chief Financial Officer Tom Gallagher …
Richard W. Peterson, 63, of San Francisco, a former insurance broker/agent, was arrested at Miami International Airport on federal fraud charges for allegedly selling approximately $4 million of fake insurance policies reportedly underwritten by Lloyd’s of London (Lloyd’s). Peterson, also …
An Arlington Heights, Ill., agency was bilked out of more than $17 million by its senior marketing vice president and his wife, who tried to launder the money, according to a U.S. grand jury indictment. Robert S. Carter, 58, was …
Commissioner Glenn Wilson is attempting to get legislators to establish an insurance fraud prevention unit within his department, according to the Minneapolis Star-Tribune. A bill doing just that passed the Senate Commerce Committee. Minnesota is one of nine states that …
A Toledo man has been sentenced to 30 days in jail for committing workers’ compensation fraud, according to the Ohio Bureau of Workers’ Compensation. William Douglas was sentenced to 30 days jail time, two years community control, court costs and …
The Illinois Supreme Court last week reversed an appellate court decision and reconfirmed that deceptive advertising cannot be the proximate cause of damages under the Illinois Consumer Fraud Act (ICFA) unless it actually deceives the plaintiff. “The high court ruling …
