Latest Fraud Headlines

All the headlines from our Fraud Topic Page, ordered by recency.

ANALYSIS: Trump’s Appeal of Civil Fraud Verdict May Hinge on ‘No Victims’ Defense

Feb 22 2024 // Donald Trump’s planned appeal of a $355 million judgment against him in his civil fraud case may focus on the former president’s contention that there were no actual victims from his conduct at issue in the...

What Is Cybercriminal Group Lockbit?

Feb 21 2024 // A cybercriminal group named Lockbit, which was broken up by an international law enforcement operation this week, has hacked some of the world’s largest organizations in recent months, stealing and leaking their...

FTX Investors Sue Sullivan & Cromwell, Say Law Firm Aided Fraud

Feb 20 2024 // FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar fraud before the crypto exchange’s collapse.Sullivan & Cromwell’s...

Trump Avoids ‘Corporate Death Penalty’ in Civil Fraud Case, But Business Still Slammed

Feb 20 2024 // Donald Trump won’t face the corporate death penalty after all.A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented...

FBI, UK Crime Agency Say They Have Disrupted LockBit Cyber Gang

Feb 20 2024 // A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites...

How Technology is Combating Insurance Fraud

Feb 19 2024 // This post is part of a series sponsored by AgentSync.We recently wrote in great detail about the different types of insurance fraud, including how to go about committing each type (just for informational purposes, of...

Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims

Feb 19 2024 // Shannon Ninio, 60, of North Hills was arraigned for insurance fraud after a California Department of Insurance investigation found she and her husband, Moshe Ninio, allegedly stole customers’ personal information and...

Georgia, NC Women Face Insurance Fraud Charges After Auto Accident Claims

Feb 16 2024 // Georgia law enforcement authorities were searching for a Lawrenceville woman who allegedly submitted fabricated medical records in an auto insurance claim in an effort to collect $15,000, the state insurance commissioner...

Mississippi Governor Announces Law Enforcement Ops to Stem Capital City Crime

Feb 15 2024 // JACKSON, Miss. (AP) — Law enforcement officials have surged local, state and federal resources to Mississippi’s capital city for a new operation aimed at curbing violent crime, drug trafficking and other offenses,...

New York Attorney General Triples Size of Crypto Fraud Lawsuit to $3 Billion

Feb 14 2024 // New York Attorney General Letitia James on Friday expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants, tripling the size of their alleged fraud scheme to more than $3 billion.James had...

Citing Immunity Law, Judge Tosses Body Parts Theft Claims Against Harvard

Feb 13 2024 // A Massachusetts Superior Court judge has dismissed negligence, infliction of emotional distress and other claims against Harvard and the operators of its medical school’s anatomical gift program by relatives of...

Insurance Fraud on the March

Feb 12 2024 // Bonnie and Clyde, Ma Barker, Baby Face Nelson and Willie Sutton robbed banks. When asked by a journalist asked why he did, Sutton famously replied “because that’s where the money is.” If banks’ $3.1...

Federal Trade Commission Reports Nationwide Fraud Losses Topped $10B in 2023

Feb 12 2024 // Consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark, and a 14% increase over reported losses in 2022, newly released Federal Trade...

No Insurance on 200-foot Tower Stolen from Alabama Town’s Radio Station

Feb 12 2024 // JASPER, Ala. (AP) — The theft of a giant radio tower has silenced what used to be the voice of a small Alabama town and the surrounding county, the radio station’s general manager said.A thief or thieves made off...

NC Postal Worker Pleads Guilty to Comp Fraud After Photos Show Him Ziplining

Feb 8 2024 // A 73-year-old postal worker pleaded guilty this week to more than $100,000 in workers’ compensation fraud after social media postings showed him engaged in rigorous physical activity, including ziplining at Niagara...

Company Auditors Face More Rigorous Role in Spotting Fraud: Global Body

Feb 8 2024 // Accountants must play a role in spotting fraud when they check the books of companies, a global standard setting body for corporate auditing said in robust proposals Feb 6.The International Auditing and Assurance Standards...

Trump Civil Fraud Case Judge to Probe Potential Perjury by Ex-CFO

Feb 7 2024 // A New York judge overseeing Donald Trump’s civil fraud trial has asked lawyers in the case for information about possible perjury by the former U.S. president’s onetime finance chief, who is reportedly facing...

Jacksonville Jaguars Want FanDuel to Refund $20M Stolen by a Team Finance Manager

Feb 6 2024 // An NFL team wants millions back from a sports betting service.The Jacksonville Jaguars, a team that recently found out that a finance manager stole some $22 million and lost most of it on sports bets with FanDuel, an...

Lex Greensill’s Fraud Means Zurich Can’t Payout $400 Million, Insurer Argues

Feb 6 2024 // Lex Greensill’s fraud and “conspiracy” with commodities tycoon Sanjeev Gupta should prevent the financier’s collapsed bank from making a $400 million claim, Zurich Insurance Group said in a London...

Medical Biller Who Posed as Patients, NBA Player Sentenced for Insurance Fraud

Feb 5 2024 // A medical biller has been sentenced to 12 years in federal prison after being convicted in a massive insurance fraud scheme that involved posing as an NBA player and other patients to harangue the companies for payments...