All the headlines from our Fraud Topic Page, ordered by recency.
Nov 29 2012 // “Cyber attacks are a reality and companies need to prepare themselves,” warns Munich Re in a recently released study – “Cost of Cyber Crime” – conducted by the Ponemon Institute....
Nov 28 2012 // A former Lafayette cardiologist is asking to remain free pending a request that the U.S. Supreme Court hear an appeal of his 2009 health-care fraud conviction and 10-year prison sentence.The Advocate reports Dr. Mehmood M....
Nov 28 2012 // Orange County prosecutors say four people have been convicted of crimes relating to a $154 million medical fraud scheme in which hundreds of healthy patients underwent unnecessary surgeries to fraudulently bill insurance...
Nov 21 2012 // Two former associates of R. Allen Stanford have been convicted of fraud for trying to help the imprisoned U.S. financier conceal a $7 billion Ponzi scheme.Prosecutors in Houston say 70-year-old Gilbert Lopez Jr. and...
Nov 14 2012 // A South Carolina man has been ordered to repay the Ohio Bureau of Workers’ Compensation (BWC) more than $140,000 for holding several jobs and concealing earnings while receiving permanent disability benefits, BWC...
Nov 6 2012 // Louisiana Commissioner of Insurance Jim Donelon reported that the number of vehicle thefts in Louisiana has declined nearly 42 percent over a five-year period from 2006 through 2011.The latest figures from the FBI Uniform...
Nov 5 2012 // The Bermuda-based Armour Group announced that an affiliate has completed a majority investment in Armour Intelligence Limited, a UK-based service, created by its founder and CEO, former Brigadier David Montgomery, to...
Nov 5 2012 // The National Association of Insurance Commissioners (NAIC) acts as the trade association for state insurance commissioners. The Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) delegated to the NAIC responsibility for...
Nov 5 2012 // The government says the number of violent crimes rose by 18 percent in the United States while the rate of total property crime increased 11 percent, from 125.4 to 138.7 victimizations per 1,000 households between 2010 and...
Nov 5 2012 // Insurance Commissioner Jim Donelon says Louisiana is “is actively engaged in the prevention of insurance fraud and vehicle theft.” According to the Louisiana Department of Insurance, the number of auto thefts...
Nov 5 2012 // The government says the number of violent crimes rose by 18 percent in the United States while the rate of total property crime increased 11 percent, from 125.4 to 138.7 victimizations per 1,000 households between 2010 and...
Nov 2 2012 // A former North Texas insurance salesman has been sentenced to 10 years in prison and must repay more than $9.3 million in a fraud case.Federal prosecutors in Dallas say 76-year-old Robert Hague-Rogers of Frisco wrongly...
Oct 29 2012 // Susan Lee, 24, Angelique Jones, 20, and Angela Medeiros, 40, all of Sacramento, Calif. have been arrested on three felony counts each of insurance fraud.The bail for the three ranges from $20,000 to $50,000. A fourth...
Oct 26 2012 // Former insurance agent James Henry Sim, 66, of San Diego, Calif. was sentenced to a stayed term of four years and four months in state prison, the California Department of Insurance announced on Friday.Sims was taken into...
Oct 26 2012 // Bank of America Corp. employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more than $1 billion in losses by selling toxic mortgage loans to Fannie Mae and Freddie...
Oct 25 2012 // Authorities in Mississippi announced this week that a local motorist will spend 12 months in jail for committing insurance fraud.Motorist Johnnetta White was sentenced to three years in the custody of the Mississippi...
Oct 25 2012 // Kansas City, Mo., police officer accused of crashing his 2001 BMW for the insurance money has been suspended without pay.The Kansas City Star reported that Shawn Oden told insurers he was trying to avoid hitting two deer...
Oct 24 2012 // The United States filed a civil mortgage fraud lawsuit against Bank of America Corp., accusing it of selling thousands of toxic home loans that later defaulted to Fannie Mae and Freddie Mac, leading to more than $1 billion...
Oct 22 2012 // A U.S. trial has been set for next fall in a Chevron Corp lawsuit that accuses Ecuadorean residents, their lawyers, and advisers of fraud in obtaining a $19 billion pollution award against the U.S. oil company.U.S....
Oct 22 2012 // The Oklahoma Insurance Department and the National Insurance Crime Bureau (NICB) have teamed up to warn residents in the state’s wildfire disaster zones about contractor fraud. The department and the NICB are using...