All the headlines from our Fraud Topic Page, ordered by recency.
Dec 8 2017 // The FBI is joining efforts to prevent fraud related to Northern California wildfire recovery efforts.Nearly two dozen blazes ripped through the region in mid-October, destroying 8,800 structures and 245,000 acres of land....
Dec 8 2017 // A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to...
Dec 5 2017 // The California Division of Workers’ Compensation has suspended 21 more medical providers from participating in the state’s workers’ compensation system, bringing the total number of providers suspended...
Dec 5 2017 // A two-year investigation has netted 22 suspects in an auto fraud ring in California that cost insurers hundreds of thousands of dollars.Brothers Angel Topete, 36, and Joshua Topete, 34, both of San Martin, Calif., were...
Dec 4 2017 // A man, his ex-wife and two sons are accused of burning down two West Virginia homes and pocketing over $550,000 in insurance claims. Windel Lester, his ex-wife Georgetta Lester, and his sons Gregory A. Lester and James...
Dec 1 2017 // A Florida homeowner was arrested for insurance fraud and grand theft following her attempt to file a damage claim against a new insurance policy after already receiving a $60,000 insurance payout from her former insurance...
Nov 30 2017 // An accountant who admitted to stealing $3.1 million from agribusiness giant Cargill, Inc. has been sentenced to five years in prison.Diane Backis was sentenced Tuesday in federal court in Albany to mail fraud and filing a...
Nov 30 2017 // The former owner of an upstate New York logging company who stole more than $80,000 in workers’ compensation benefits has been sentenced to up to three years in prison. Fifty-six-year-old David Sigl, of Auburn, N.Y.,...
Nov 29 2017 // Two recent stories in Insurance Journal caught my eye and gave me this topic.Florida Puts Worker’s Comp Carrier Guarantee Insurance In Receivership Florida Keys Insurance Agent Accused of Defrauding Citizens...
Nov 27 2017 // A Florida insurance agent has been arrested after allegedly submitting a fraudulent insurance policy to Citizens Property Insurance Corp., according to a statement from Florida CFO Jimmy Patronis and the Florida Department...
Nov 27 2017 // Directors and officers (D&O) insurance has faced major losses in recent years, due in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new judicial...
Nov 22 2017 // The Division of Workers’ Compensation has suspended nine more medical providers from participating in California’s workers’ compensation system, bringing the total number of providers suspended this year...
Nov 22 2017 // A man, his ex-wife and two sons are accused of burning down two West Virginia homes and pocketing over $550,000 in insurance claims.The Charleston Gazette-Mail reports 66-year-old Windel Lester, his ex-wife, 41-year-old...
Nov 20 2017 // Directors and officers (D&O) insurance has faced major losses in recent years, due in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new judicial...
Nov 20 2017 // Hani Abujudeh, 55, of Rancho Cucamonga, Calif., the reputed leader of an auto insurance fraud scheme, was sentenced to six years in state prison.Abujudeh was sentenced earlier this month for his involvement with a scheme...
Nov 16 2017 // Federal prosecutors say a Delaware woman charged with transferring more than $6 million from the operating account of the financial services company where she worked into her own bank accounts over several years deserves...
Nov 16 2017 // A certified public accountant (CPA) in Georgia has been arrested and charged with insurance fraud by Special Fraud Investigators from the Georgia Department of Insurance (GADOI), according to a statement from Georgia...
Nov 15 2017 // The California Division of Workers’ Compensation has suspended 12 more medical providers from participating in California’s workers’ comp system, bringing the total number of providers suspended this year...
Nov 13 2017 // A federal grand jury in Houston has returned a, indictment against three people, including two siblings, charging them with conspiracy to commit wire fraud, kickbacks and money laundering connected with an alleged federal...
Nov 9 2017 // The “remorseless” growth of cyber crime is leading to 4,000 ransom attacks a day and gangs’ technological capability now threatens critical parts of the financial sector, the head of Europol said on...