All the headlines from our Fraud Topic Page, ordered by recency.
Jun 30 2014 // The attorney for a former Kansas insurance agent accused of stealing nearly $2 million from policyholders says the case is expected to go to trial.Kari Schmidt said her client, Jason Matthew Pennington, has not reached a...
Jun 30 2014 // Officials in Memphis have launched an initiative aimed at decreasing copper thefts in the city.The CopperStoppers program will offer a financial reward if people supply information that leads to an arrest. The program will...
Jun 27 2014 // American International Group, Inc. (AIG) insurers have introduced a new policy endorsement that ensures primary directors and officers (D&O) policy funds are immediately available to clients named as defendants in...
Jun 27 2014 // Facebook Inc. was ordered by a judge last year to turn over account information of 381 users who were investigated by the Manhattan District Attorney in New York for cheating to obtain disability benefits.Facebook, the...
Jun 26 2014 // Joel Paredes Saldana, 22, owner of Lightning Auto Body in Riverside County, was arrested Wednesday as California Department of Insurance detectives and multiple allied agencies swept up at least 19 co-conspirators...
Jun 26 2014 // Florida Chief Financial Officer Jeff Atwater announced the arrests of three individuals in Fort Lauderdale for their alleged involvement in a staged accident that resulted in fraudulent personal injury protection (PIP)...
Jun 26 2014 // The National Insurance Crime Bureau’s (NICB) “Hot Spots” report examines vehicle theft data obtained from the National Crime Information Center (NCIC) for each of the nation’s metropolitan...
Jun 26 2014 // The New York State’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it...
Jun 25 2014 // Richard Gergasko, CEO of workers’ compensation insurer, Texas Mutual Insurance Co., describes himself as an insurance geek. Trained as an actuary, he’s been involved in the insurance business for 30 years. With...
Jun 25 2014 // Georgia Insurance Commissioner Ralph Hudgens announced Tuesday that warrants have been issued for the arrest of a Gwinnett County insurance agent and her husband on multiple counts of insurance fraud.Officials said...
Jun 25 2014 // Cyber theft of trade secrets by China is a threat to U.S. national security, U.S. Ambassador to China Max Baucus said on Wednesday in the first major public address of his tenure, warning that Washington would continue to...
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...