All the headlines from our Fraud Topic Page, ordered by recency.
Jan 7 2014 // Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling $375 million of residential mortgage-backed securities, a court order shows.U.S. District...
Jan 5 2014 // Ohio has begun testing a scrap metal sales database in its effort to curb widespread metal thefts.The Dayton Daily News reports that the Ohio Department of Public Safety is working with selected dealers to input sales...
Dec 31 2013 // A laptop stolen from an auditor’s car contained the personal information of more than 3,400 members of the South Carolina Health Insurance Pool, an attorney hired by the pool told The Associated Press on Monday.The...
Dec 24 2013 // Investigators believe that overseas hackers were responsible for the cyber attack on U.S. retailer Target Corp. that compromised up to 40 million payment cards during the first three weeks of the holiday shopping season, a...
Dec 23 2013 // An investigation by Washington Insurance Commissioner Mike Kreidler’s office has resulted in charges of theft and fraud against a Tacoma woman who attempted to collect insurance money for a car she claimed was stolen...
Dec 22 2013 // A northern New Jersey chiropractor was sentenced to state prison for causing false documentation to be submitted to insurance companies and subsequently receiving over $89,000 to which he was not entitled.Joseph Salomone,...
Dec 22 2013 // Authorities have charged the head of a central New Jersey roofing company with stealing more than $265,000 through alleged insurance fraud.The state attorney general’s office says Charles Kelcy Pegler Sr., was...
Dec 20 2013 // Target Corp.’s data breach headache may be an opportunity for insurance carriers, insurance agents, risk managers and businesses to spread the word about cyber risk – although the message is bit of a scary one.The...
Dec 20 2013 // A 76-year-old Providence, Rhode Island, woman must pay $10,000 in restitution on a charge of obtaining money under false pretenses for allegedly collecting workers’ compensation benefits while she was employed. The...
Dec 20 2013 // The security breach of credit and debit card data at Target Corp. is evidence of the increasing threats retailers face and a reminder that the U.S. lags behind much of the world in securing personal financial...
Dec 19 2013 // Former insurance agent Eugene Shy-Ren Hsu, 31, of West Covina, Calif., was arrested by Department of Insurance officers and charged with multiple felony counts.The charges include grand theft, forgery, and identity theft...
Dec 19 2013 // New York Gov. Andrew Cuomo announced the state will provide nearly $4 million in grant funding to 29 local police departments, district attorneys’ offices and other agencies in the state to combat motor vehicle theft...
Dec 18 2013 // BP Plc asked a U.S. judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the 2010 Gulf of Mexico oil spill pending an investigation of fraud claims against a plaintiffs’...
Dec 16 2013 // Questionable insurance claims in Michigan dropped by 38 percent from 2010 through 2012, according to the National Insurance Crime Bureau (NICB).Questionable claims (QC) are those claims that NICB member insurance companies...
Dec 16 2013 // A Philadelphia insurance adjuster has been jailed on charges he stole more than $700,000 from 29 successful claims made by people in the suburbs, including 10 stemming from property damage caused by Hurricane Sandy last...
Dec 16 2013 // Three Biloxi residents have been arrested and charged with insurance fraud, Mississippi Attorney General Jim Hood said.Hood’s news release said 47-year-old Rosemary Henderson, 38-year-old Lavon Donnell Cherry and...
Dec 13 2013 // An insurance brokerage owner has admitted to helping a longtime Jewish community leader steal more than $7 million from a prominent New York City charity has pleaded guilty to chargesThe New York Times says Joseph Ross...
Dec 9 2013 // Richard Lopez Escamilla Jr., 47, was sentenced in Kings County Superior Court in California on Dec.4 to one felony count of insurance fraud and was ordered to pay restitution of nearly $4.2 million to State Compensation...
Dec 9 2013 // Ohio officials say a former pharmacist convicted in a $2.1 million health care fraud scheme has been sentenced to 4 1/2 years in prison.Barbara Elise Miller of Coshocton was sentenced in federal court in Akron. A statement...
Dec 9 2013 // BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court...