Latest Fraud Headlines

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

New York AG: Trump Should Be Found Liable For Bank, Insurance Fraud, Even Before Trial

Aug 31 2023 // New York’s attorney general on Wednesday asked a state judge to declare, even before the start of a trial, that Donald Trump committed fraud by submitting false statements to bankers and insurers and overstating his...

Former Georgia Insurance Commissioner Oxendine Fraud Case Headed to Trial

Aug 30 2023 // Former Georgia Insurance Commissioner John Oxendine is headed to trial on health insurance fraud and money laundering charges after a federal judge this week denied all of his efforts to have an indictment...

Former North Dakota Governor Victim of Car Theft

Aug 29 2023 // FARGO, N.D. (AP) – Former North Dakota Gov. Ed Schafer learned a lesson about his car keys after his vehicle was stolen as he hosted a Fargo radio show.Schafer was guest hosting KFGO`s “News and Views”...

Two British Teens and Their Audacious Hack of Nvidia, Grand Theft Auto and Uber

Aug 25 2023 // At 9 p.m. on Sept. 22 last year, a group of City of London police officers waited outside room M15 at the Travelodge Bicester, a one-star budget hotel in Oxfordshire, England, for the right moment to bust in. On the other...

Another Metals Trading House Says It Has Been Hit by a Nickel Fraud

Aug 25 2023 // Another trading house has been stung after buying a cargo supposedly containing nickel that turned out to be full of near-worthless rubble.The latest example, detailed in lawsuits in London and Singapore, is separate from...

How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud

Aug 25 2023 // Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly,...

Lapsus$ Hacker Targeted Uber, Revolut, Grand Theft Auto Maker, London Jury Finds

Aug 24 2023 // A teenage member of the Lapsus$ hacking group was on Wednesday found by a London jury to have hacked Uber and fintech firm Revolut, and blackmailed the developers of best-selling videogame Grand Theft Auto.Arion Kurtaj,...

Deepfake Imposter Scams Are Driving a New Wave of Fraud

Aug 23 2023 // Computer-generated children’s voices so realistic they fool their own parents. Masks created with photos from social media that can penetrate a system protected by face ID. They sound like the stuff of science...

New York Knicks Sue Toronto Raptors Alleging Stolen Scouting Reports

Aug 22 2023 // The New York Knicks sued the Toronto Raptors, claiming a former Knicks employee stole scouting reports and other proprietary information after getting a job offer at the rival National Basketball Association team.The...

Study: Motor Vehicle Thefts Soar in First Half of 2023

Aug 21 2023 // During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released by the Council on Criminal Justice.Continuing an upward trajectory,...

Eliminating Fraud at the Point of Submission

Aug 18 2023 // This post is part of a series sponsored by Insurance Quantified.Register here to save your spot for the Eliminating Fraud at the Point of Submission Webinar Date: Wednesday, September 27, 2023 | 10 am PST / 1 pm EST...

Arrests Made in California ‘Family and Friend’ Auto Insurance Fraud Ring

Aug 17 2023 // An alleged “family and friend” organized auto insurance fraud ring in California was seemingly broken up by the Urban Automobile Insurance Fraud Task Force when seven people were arrested on Wednesday in...

Legal, Ethical Questions on Autopilot Endure as Criminal Case Against Tesla Driver Ends

Aug 17 2023 // A criminal prosecution against a Tesla driver in Los Angeles County could end next month, the final step of a case believed to be the first time in the U.S. prosecutors brought felony charges against a motorist who was...

Political Operatives Ordered to Pay $50,000 in Restitution for Fraudulent Charity in Ohio Train Derailment Case

Aug 15 2023 // COLUMBUS, Ohio (AP) – Three men who have worked as Republican political operatives agreed to pay more than $50,000 in restitution and penalties in Ohio for their roles in operating a phony charity that collected cash...

Markets/Coverages: Chubb Launches Vehicle Tracking System in UK to Stymie Car Theft

Aug 15 2023 // Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft.With criminals now often targeting high-value vehicles – particularly “keyless” models –...

Former Tenn. Senator, Tort-Reformer, Sentenced in Campaign Finance Fraud

Aug 14 2023 // A former Tennessee state senator who was active in tort reform, judicial appointments and health insurance changes, was sentenced to 21 months in prison after he unsuccessfully tried to take back his guilty plea on federal...

Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability

Aug 10 2023 // Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit.It brings a different...

Cargo Theft Increased 57% in Q2; High-Value Shipments Targeted

Aug 9 2023 // There were 582 supply chain events reported across the United States and Canada in the second quarter of 2023, a 57% increase when compared to the second quarter of 2022, according to the latest CargoNet report.Ongoing...

Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss

Aug 7 2023 // A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses.In an order made public on Friday, U.S....

Judge Tosses Fraud Against Exec in SC Nuclear Debacle, But New Case Could Follow

Aug 7 2023 // A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power.The judge...