All the headlines from our Fraud Topic Page, ordered by recency.
Jun 13 2016 // Fraudsters are more often caught by tip-offs and complaints, management review, accidentally, suspicious superiors and internal audits than by use of technology and data analytics.According to consulting firm KPMG, North...
Jun 10 2016 // An American Olympian is searching for his 1992 gold medal after he says it was stolen by thieves who broke into his car in Atlanta.Joe Jacobi won a gold medal for the U.S. in the two-man canoe slalom event in Barcelona,...
Jun 8 2016 // A Missouri insurance agent has been sentenced to prison for fraud following an investigation by the McDonald County Sheriff’s Office and the Missouri Department of Insurance, Financial Institutions & Professional...
Jun 7 2016 // The Ohio Insurance Institute (OII) reported that 11 of the 15 Ohio metro areas (MSAs) in the National Insurance Crime Bureau’s (NICB) Hot Spots report show a decline in auto thefts between 2014 and 2015, based on...
Jun 7 2016 // A Missouri art museum has been working to upgrade security since several iconic Andy Warhol prints were stolen in April.Seven Warhol Campbell’s Soup prints were stolen from the Springfield Art Museum on April 7,...
Jun 6 2016 // Illinois lawmakers have convened a task force to investigate a spike in the theft of recyclable metals.There was a spike in thefts a few years ago when the price of copper and other recyclable metals rose. Copper wiring...
Jun 6 2016 // When it comes to vehicle theft, California’s on top. California owns eight of the top 10 hot spots for vehicle theft in 2015, according to the National Insurance Crime Bureau’s (NICB) latest Hot Spots report....
Jun 6 2016 // A North Carolina man has been arrested on numerous insurance fraud-related charges, according to a statement from the North Carolina Department of Insurance (NCDOI). Commissioner Wayne Goodwin announced the arrest of...
Jun 3 2016 // A teenage driver accused in a lawsuit of causing a collision in Georgia while using the Snapchat app’s “speed filter” is now facing criminal charges.News outlets report a Clayton County judge signed...
Jun 2 2016 // Former American International Group CEO Maurice “Hank” Greenberg must stand trial over alleged sham transactions, New York’s top court ruled on Thursday, as the long-time financial industry titan failed...
Jun 1 2016 // John Antonio Ruiz, 49, of Riverside, Calif., pleaded guilty to 11 felony counts of grand theft after selling $334,972 in bogus surety bonds and stealing the client’s premium.His theft left a major retailer exposed to...
Jun 1 2016 // The Arkansas Insurance Department announced that two guilty pleas have been secured in relation to property theft and insurance fraud charges. The cases were handled by AID’s Criminal Investigation DivisionOn May 17,...
Jun 1 2016 // A former official at the Massachusetts Group Insurance Commission (GIC) has been indicted in connection with allegedly stealing more than $122,000 from the state agency.Ennio Manto, 52, of Braintree, Massachusetts, was...
May 27 2016 // Credit Suisse Group AG sold 220 million Swiss francs ($222 million) of bonds designed to offload potential losses on events like rogue trading, with some investors sidestepping the issue because of the incalculable...
May 26 2016 // An employee of a Southern California school district has been arrested on charges of workers’ compensation fraud for allegedly racking up $33,000 in treatments and disability payments.Juanita Denise Schmittle, 50, of...
May 26 2016 // The Pennsylvania Insurance Department recently issued a notice to advise and remind insurers of their obligations under the state’s law in the reporting of suspected arson and insurance fraud.The department also said...
May 25 2016 // Houston is a bad place to have to have your vehicle towed, according to law enforcement officials and insurance investigators.There have multiple reports of vehicles being towed and towing services charging victims...
May 25 2016 // The New York attorney general’s office on Tuesday sued Domino’s Pizza Inc, claiming it is liable for wage theft by franchisees because the company used a computer system that it knew under-calculated...
May 24 2016 // A U.S. appeals court on Monday threw out a jury’s finding that Bank of America Corp. was liable for mortgage fraud leading up to the 2008 financial crisis, voiding a $1.27 billion penalty and dealing the U.S....
May 24 2016 // This year, extensive flooding has already affected parts of Texas and Louisiana. With more rain producing floods in the forecast for the southern part of the U.S. this spring, the likelihood of disaster fraud...