Latest Fraud Headlines

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

Son Eric Testifies in Trump Civil Fraud Trial He Relied on Accountants

Nov 6 2023 // With Donald Trump due on the witness stand this week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the...

Ex-Crypto Mogul Sam Bankman-Fried Convicted of Multi-Billion Dollar FTX Fraud

Nov 3 2023 // FTX founder Sam Bankman-Fried was found guilty Nov. 2 of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former...

Uber to Pay $290M, Lyft $38M to Settle New York Wage Theft Claims

Nov 2 2023 // Uber and Lyft will pay a combined $328 million to settle claims by New York’s attorney general that the ride-sharing companies systematically cheated drivers out of pay and benefits.Attorney General Letitia James...

Four Minnesota Men Indicted in Multi-Million-Dollar Scheme to Transport Stolen Catalytic Converters

Nov 1 2023 // MINNEAPOLIS (AP) – Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states. U.S. Attorney Andrew M. Luger in Minneapolis...

Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals

Oct 31 2023 // Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday.The...

Panama Removed From Gray List of Financial Crime Watchdog FATF

Oct 30 2023 // Panama has been removed from the gray list of financial crime watchdog FATF, a register which includes countries deemed to be doing too little to combat money laundering, according to a government statement on Friday.The...

South Carolina Seeing Record Number of Insurance Fraud Complaints

Oct 30 2023 // South Carolina in 2022 saw a record number of complaints about insurance fraud, and has almost matched the number through the first 10 months of this year.And some state lawmakers are now looking into the reasons for the...

Member of Crew Tied to 490 Catalytic Converter Thefts Pleads Guilty

Oct 30 2023 // A Springfield, Massachusetts man pleaded guilty in federal court in Boston last week to his role in a regional organized theft crew that stole catalytic converters from over 490 vehicles.According to Acting U.S. Attorney...

New Jersey Man Admits Role in Interstate Luxury Car Theft Ring

Oct 27 2023 // A New Jersey man has admitted his role in a conspiracy to steal and transport across state lines luxury cars stolen from towns in New York, Connecticut, and New Jersey, reported U.S. Attorney Philip Sellinger.Malik Baker...

Bankman-Fried Could Take Stand at Fraud Trial Over FTX Collapse

Oct 26 2023 // Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-bankrupt cryptocurrency exchange FTX of stealing billions...

Theft of 2 Million Dimes Linked to Truck Cargo Robbery Spree

Oct 25 2023 // Federal authorities have released more details and unsealed charges in the theft of more than 2 million dimes earlier this year from a tractor-trailer that had picked up the coins from the U.S. Mint in Philadelphia.The...

California Insurance Agent Arraigned for Allegedly Stealing from Small Business Owners

Oct 24 2023 // Erin Lee McCarroll, 49, of Laguna Beach, California, was arraigned on 27 felony counts including grand theft and forgery after a California Department of Insurance investigation found she allegedly stole more than $62,000...

Chemours Faces Dutch Criminal Probe on Emitting Forever Chemicals

Oct 23 2023 // Chemours Co. and its legal predecessor E.I. du Pont de Nemours & Co will face a Dutch criminal investigation for the potential harmful effects of emitting forever chemicals in the Netherlands.Prosecutors said it...

Nebraska Sheriff Charged With Filing Fraudulent Auto Insurance Claim

Oct 20 2023 // ORD, Neb. (AP) – A small-town Nebraska sheriff has been charged with filing a fraudulent auto insurance claim to get the repairs to his yellow 2004 Chevrolet Monte Carlo paid for.The complaint filed against Valley County...

Ransomware Criminals Aiming at Third-Party Vendors in Hunt for ‘Big Game’

Oct 20 2023 // Ransomware victims have become less likely to pay extortion demands, but cyber criminals are changing their tactics by hitting third-party vendors and using data exfiltration instead of encryption when making ransom...

New York Attorney General Sues Crypto Firms Gemini, DCG, Genesis for Alleged Fraud

Oct 19 2023 // bankruptcybakruptNew York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly “defrauding” investors of...

17 Florida Sheriff’s Deputies Charged with Stealing $500,000 in Pandemic Relief Funds

Oct 17 2023 // FORT LAUDERDALE, Fla. (AP) — Seventeen Florida sheriff`s deputies appeared in court on charges that they stole about half a million dollars in pandemic relief funds.The Broward County deputies, who are charged...

500K Vehicles Stolen in H1 2023; Dodge Chargers Top List

Oct 16 2023 // Vehicle thefts continue to plague the nation, according to a new report released by the National Insurance Crime Bureau (NICB). The report was released to coincide with National Crime Prevention Month.Nearly 500,000...

Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case

Oct 16 2023 // The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license.Jose Uribe allegedly got...

Warrant Issued for Former Washington Lawyer Accused of Stealing Insurance Settlement

Oct 16 2023 // A Bothell, Washington man was added to Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list.Clinton Jonathan “Sonny” Behrends failed to appear at his arraignment after being charged by...