All the headlines from our Fraud Topic Page, ordered by recency.
Feb 12 2013 // Air National Guard Maj. Zane Purdy was making more than $100,000 a year working for a defense contracting company when his identity was stolen and sold to a tax fraud ring.Now, Purdy makes $7.25 an hour at a Krystal...
Feb 10 2013 // Florida’s highest court has ruled a homeowner cannot re-open a voluntarily dismissed foreclosure case despite allegations that the bank falsified documents, giving a win to banks in a closely watched ruling that...
Feb 6 2013 // Lawyers for Standard and Poor’s, responding to a U.S. government probe, have tried for months to show it did nothing wrong in rating exotic securities in the run-up to the financial crisis.In one meeting, the...
Feb 5 2013 // Beazley plc has launched new computer crime and account takeover coverages for financial institutions. The enhanced computer crime policy is designed for the continually evolving services and applications that financial...
Feb 5 2013 // The U.S. government is seeking $5 billion in its civil lawsuit against Standard & Poor’s, accusing the ratings service of defrauding investors, in one of the most ambitious cases yet from the Justice Department...
Feb 5 2013 // Former insurance agent Mitch Kelling has pled guilty to insurance fraud. Kelling plead guilty to felony charges in Utah Seventh District Court on Jan. 29. Kelling had been operating under the name “Kelling...
Feb 5 2013 // The Florida Supreme Court says contract clauses requiring arbitration to settle related disputes include fraud claims.The justices unanimously reversed a three-judge panel of the 1st District Court of Appeal, which had...
Jan 31 2013 // Authorities announced that a Charlotte, N.C., woman was sentenced to 41 months in prison, to be followed by three years of supervised release, for carrying out a six-year mail fraud scheme against her employer. The...
Jan 31 2013 // Frank Winston Crum Insurance Co. has formed a business partnership with Command Investigations, LLC as a preferred provider of anti-fraud and Special Investigative Unit (SIU) services. Frank Winston Crum Insurance Co. will...
Jan 29 2013 // As Illinois becomes the fourth and most populous U.S. state to issue driver’s licenses to illegal immigrants, nagging concerns remain about whether there are enough safeguards to avoid the identity fraud and other...
Jan 29 2013 // Oklahoma Insurance Commissioner John D. Doak announced the creation of an advisory board to increase the effectiveness of the Oklahoma Insurance Department’s Anti-Fraud Unit. The board includes four legislators, a...
Jan 28 2013 // There are many cyber insurance products available for purchase, and each is somewhat unique. Some products are more comprehensive than others. Some cyber insurance products are combined with insurance policies of another...
Jan 28 2013 // In his “State of the State” address in mid-January, Michigan Gov. Rick Synder recognized the importance of the insurance industry in the state, calling for the creation of a new insurance department and...
Jan 24 2013 // A Bryan, Texas, chiropractor has entered a plea of guilty to engaging in a conspiracy to defraud various automobile insurance companies of more than $3 million, according to United States Attorney Kenneth Magidson.Chase...
Jan 24 2013 // Kelli Reyes, of Wauseon, Ohio, has been sentenced by the Fulton County Common Pleas Court to 10 months in prison after pleading guilty to felony insurance fraud, Lieutenant Governor and Department of Insurance Director...
Jan 23 2013 // The star prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi...
Jan 23 2013 // Fewer investors are taking corporate America to court for fraud.The number of new federal securities fraud lawsuits seeking class-action status fell to a 7-year low in 2012, according to a study by Stanford Law School and...
Jan 21 2013 // A northern Michigan insurance broker accused of manipulating elderly clients has pleaded guilty to fraud.Prosecutors say William Lowder persuaded clients to change their investments and put money in annuities handled by...
Jan 18 2013 // Police in several St. Louis, Mo.- area towns are investigating a string of smash-and-grab crimes with a twist: In many cases, nothing is taken.In six instances over the past few weeks, suspects have busted through the...
Jan 17 2013 // The New Jersey Assembly’s financial institutions and insurance committee advanced a bill that would include “reverse rate evasion” as a form of insurance fraud. The bill, A2204 — introduced by the...