Latest Fraud Headlines

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

N.Y. Broker Pleads Guilty to Stealing Nearly $830K in Premiums, Other Funds

Oct 6 2015 // A Jericho, New York, insurance broker pleaded guilty to stealing nearly $830,000 in insurance premiums and other funds, said Acting Nassau County District Attorney Madeline Singas’ office.Singas’ office said...

Texas Tops for Heavy Equipment Thefts in 2014: Report

Oct 6 2015 // A report released by the National Insurance Crime Bureau (NICB) shows that thefts of heavy equipment increased nationally in 2014 by 1.2 percent over the previous year and that Texas had the highest number of such...

Former Southern California Insurance Agent Sentenced for Felony Fraud

Oct 5 2015 // Hesham Saleh Ibrahim, 57, of Palmdale, Calif., pleaded no contest to felony insurance fraud and was sentenced to three years felony probation, 30 days community labor and ordered to pay nearly $1,000 in restitution and...

Texas a Top State for Watercraft Thefts: NICB

Oct 5 2015 // While the number of watercraft thefts continued on a downward trend in 2014, Texas remains one of the five top states in which such thefts are likely to occur. Texas ranks third for watercraft thefts, behind Florida and...

CVS Settles Fraud Claims by Investors for $48M

Oct 5 2015 // CVS Health Corp. reached a $48 million settlement of a lawsuit accusing the U.S. drugstore operator of fraudulently concealing a big loss of revenue in its pharmacy benefits manager business, culminating in a plunge in its...

Watercraft Thefts Down but Texas Still a Top State for Them: NICB

Sep 30 2015 // While the number of watercraft thefts continued on a downward trend in 2014, Texas remains one of the five top states in which such thefts are likely to occur.Texas ranks third for watercraft thefts, behind Florida and...

Florida Man Charged with Fraud, Theft of 4M Pounds of Citrus

Sep 29 2015 // State agriculture officials say a Florida man is accused of illegally obtaining more than 4 million pounds of citrus, valued at over half a million dollars, from five different individuals and companies.Agriculture...

Florida Workers’ Comp Fraud Sting Leads to 9 Arrests

Sep 28 2015 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced nine arrests following a multi-agency workers’ compensation sting in Manatee County, Florida. These nine individuals...

Former Mayor of Georgia Town Pleads Guilty to 12 Counts of Insurance Fraud

Sep 28 2015 // Former Milledgeville, Ga., Mayor Richard Bentley has pleaded guilty to 12 counts of insurance fraud.Multiple media outlets report that Bentley was sentenced in Baldwin County Superior Court to 10 years probation, given a...

Former Florida Insurance Agent Arrested for Stealing $20K in Premiums

Sep 23 2015 // The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrest of Lisa Dwyer, 49, a formerly licensed insurance agent employed by Southeast Insurance Agency in Davie, Fla., after...

Trying to Put a Price Tag on Volkswagen’s Emission-Fraud Scandal

Sep 22 2015 // An $18 billion liability figure attached itself last Friday to Volkswagen’s diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a scandal spreading...

15 Nabbed in $150M Insurance Scam That Included Unnecessary Surgery

Sep 17 2015 // Unnecessary surgeries performed by untrained assistants are among the allegations in an indictment detailing a $150 million insurance scheme, among California’s biggest ever.Orthopedic surgeon and alleged ringleader...

GM to Pay $900M to Settle Criminal Probe Into Faulty Ignitions

Sep 17 2015 // General Motors Co. agreed to pay $900 million and admit to misleading the government and the public about the safety of its vehicles to end a U.S. criminal investigation into its handling of defective ignition switches...

CVS Settles Fraud Claims by Investors for $48M

Sep 17 2015 // CVS Health Corp. reached a $48 million settlement of a lawsuit accusing the U.S. drugstore operator of fraudulently concealing a big loss of revenue in its pharmacy benefits manager business, culminating in a plunge in its...

Starr Companies Launches Fraudulent Impersonations Coverage

Sep 17 2015 // Starr Companies has launched fraudulent impersonations coverage, a new insurance product that covers the various kinds of theft damages that result from social engineering fraud, such as internet phishing scams.Fraudulent...

Fraud Ruling Against Texas Doctor Stands

Sep 16 2015 // The Austin (Texas) Court of Appeals has upheld felony workers’ compensation fraud-related charges against Howard T. Douglas III, M.D., for using his company — Western Medical Evaluators — to deliberately overbill...

Nebraskan Pleads No Contest in Insurance Fraud Case

Sep 16 2015 // A North Platte, Neb., man accused of driving his car into a canal so he could collect on his insurance has taken a plea deal with prosecutors. Thirty-two-year-old Josh Salisbury has pleaded no contest and been convicted of...

Georgia Man Pleads Guilty to 23 Counts of Insurance Fraud

Sep 16 2015 // Georgia Insurance Commissioner Ralph Hudgens announced that Bibb County, Georgia, resident William Emerson Scruggs, 54, pleaded guilty to 23 counts of insurance fraud.Bibb County Superior Court sentenced Scruggs to three...

Ohio Leads the U.S. in Insurance Claims for Copper Theft

Sep 14 2015 // Ohio leads the country in the number of insurance claims for thefts of copper and other kinds of metals, according to a report released Wednesday by the National Insurance Crime Bureau.The report shows that Ohio reported...

California Siblings Sentenced For Workers’ Comp Fraud

Sep 14 2015 // A California brother and sister who owned a landscaping service won’t contest charges that they duped several workers’ compensation carriers out of more than $200,000.Michael George Mello Jr., 37, and his...