All the headlines from our Fraud Topic Page, ordered by recency.
Jun 24 2014 // Shaken by a fraud investigation into metal financing in the world’s seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China’s sprawling...
Jun 20 2014 // United States Attorney Stephanie A. Finley in Louisiana announced that one Texas man has been sentenced and another has pleaded guilty in a scheme to steal tractors and other large equipment and sell the items in...
Jun 20 2014 // A bulletin on the website of the Association of British Insurers (ABI) notes that a “nationwide operation into suspected fraudulent travel insurance claims led by the City of London Police’s Insurance Fraud...
Jun 19 2014 // Crime in Maine dropped 9.1 percent last year, a steep drop from the previous year and the biggest decline in 20 years, Maine Department of Public Safety Commissioner John Morris said Tuesday.The commissioner, joined by...
Jun 17 2014 // Former West Mansfield insurance agent Robert Horney, of Marysville, Ohio, was sentenced in Logan County Common Pleas Court to serve 60 days in jail, five years on community control and ordered to pay more than $21,000 in...
Jun 16 2014 // A western Missouri man has admitted leading a conspiracy to buy cheap houses and set them on fire to collect nearly $435,000 in insurance benefits.The U.S. Attorney’s office says 27-year-old Joshua Stamps, of...
Jun 16 2014 // Organizations around the world lose an estimated 5 percent of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners (CFEs), which investigated cases between January 2012 and...
Jun 13 2014 // A northwestern Indiana police department is one of the first law enforcement agencies in the country to distribute a theft-deterring chemical that leaves DNA-like “signatures” on property and those who attempt...
Jun 11 2014 // With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next.The reality, cyber security experts say, is...
Jun 10 2014 // Texas Mutual Insurance Co. reported that a Travis County jury convicted Howard T. Douglas III, M.D. of Frisco, Texas, on felony workers’ compensation fraud-related charges for overbilling Texas Mutual for functional...
Jun 10 2014 // In late March 2014, Texas Insurance Commissioner Julia Rathegeber approved a staff petition to adopt the National Council on Compensation Insurance (NCCI) Basic Manual, with Texas exceptions, and the national and...
Jun 10 2014 // The Association of British Insurers has commented on the measures introduced by Justice Secretary Chris Grayling, announcing “a major crackdown on insurance fraudsters and dishonest claims as part of new measures to...
Jun 9 2014 // Cybercrime remains a growth industry.That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will...
Jun 6 2014 // New Jersey authorities said the president of a New Jersey roofing company was sentenced to jail Friday for providing false and misleading information to the company’s workers’ compensation insurance carrier to...
Jun 6 2014 // The Tennessee Department of Labor has been expanding efforts to uncover employer fraud within the construction industry.The efforts, aided by recent legislation, will help identify employers who are paying workers under...
Jun 5 2014 // Leroy Barnes, 27, of Los Angeles, known as one of the dancing hamsters in Kia car commercials, was arrested on insurance fraud charges related to his alleged fraudulent collection of state disability insurance...
Jun 5 2014 // A Maine man was sentenced this week in Aroostook County Superior Court to serve 42 months in jail, with all but one year suspended for workers’ compensation fraud.Workers’ comp insurer MEMIC — whose...
Jun 4 2014 // Francis Kean, executive director in Willis’s financial and executive risks practice has examined a growing trend in white-collar crime in a WillisWire blog. He indicated that” according to a report in The Times...
Jun 4 2014 // The latest report of a tanker hijack in Southeast Asia has prompted Dryad Maritime to issue an advisory to its shipping clients, based on the supposition that “crime follows a pattern, which has seen up to six such...
Jun 3 2014 // Organizations around the world lose an estimated 5 percent of their annual revenues to occupational fraud, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2012 and December...