Latest Fraud Headlines

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

Pennsylvania Socialite, Convicted of Millions in Insurance Fraud, Dies at 71

Aug 4 2023 // The judge called it a “spectacular” fall from grace after a well-known Pennsylvania socialite was convicted in 2019 of more than $13 million in insurance fraud.Four years later, the Bucks County woman, Claire...

Massachusetts Physical Therapy Clinic Owner Sentenced for $7M Auto Insurance Fraud

Aug 2 2023 // The owner of a Massachusetts physical therapy clinic who defrauded 24 auto insurers by submitting largely bogus treatment claims was sentenced Wednesday to three years in prison and ordered to pay $7,383,756 in...

Former Mississippi Governor Sues News Site Over Welfare Fraud Comments

Aug 1 2023 // Former Mississippi Gov. Phil Bryant is suing a local news organization, claiming it defamed him in public comments on the misspending of $77 million of federal welfare funds intended to help some of the poorest people in...

Study: Motor Vehicle Thefts Soar in First Half of 2023

Jul 28 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 this week by the Council on Criminal Justice.Continuing an upward...

Japanese Used-Car Exec to Step Down After Revelations of Fraudulent Insurance Claims

Jul 26 2023 // The president of Japanese used-car dealership Bigmotor Co. Ltd. said he will step down after revelations of fraudulent insurance claims by the company’s repair shops, a scandal that has also ensnared Sompo Japan...

Pastor to Go to Jail, Repay Church and Insurer for Stealing $130K to Cover Gambling

Jul 25 2023 // A New Hampshire executive pastor has been sentenced to 18 months in prison for stealing about $130,000 from his church to pay off gambling debts and make purchases.Gregory Neal, of Barrington, 45, was sentenced in federal...

Former California Agent Sentenced for Stealing From Consumers

Jul 17 2023 // Christopher Ramos, 45, of Santa Rosa, California, was sentenced to four years in prison after an investigation by the California Department of Insurance reportedly found he stole more than $189,000 from consumers and left...

Report: US Lacks Comprehensive Cybercrime Data

Jul 17 2023 // The United States lacks comprehensive cybercrime data and monitoring — leaving the country less prepared to combat cybercrime, according to a June report by the United States Government Accountability office.Federal...

Founder of Crypto Lender Celsius Network Arrested, Charged With Fraud

Jul 13 2023 // Alex Mashinsky, the founder and former CEO of bankrupt cryptocurrency lender Celsius Network, was arrested and charged with fraud, a U.S. prosecutor in New York said Thursday, while three federal regulatory agencies sued...

Penske Truck Denies Fraudulent Inspection Allegations But Will Pay $3.5M to End Dispute

Jul 13 2023 // Penske Truck Leasing Co. will pay up to a $3.5 million civil penalty for alleged fraudulent safety and emissions inspections on fleet trucks and trucks it rented for commercial use.According to Massachusetts Attorney...

Barclays Wins UK Supreme Court Appeal Over Push Payment Fraud

Jul 13 2023 // Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks’ duties to protect customers from fraudsters, in a closely watched decision lawyers say could stem a flood of litigation.Fiona...

Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case

Jul 13 2023 // A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds that collapsed amid market fluctuations caused by the Covid-19...

Former Delaware Trooper Faces Lawsuit for Theft Scheme Targeting Shipping Firm

Jul 10 2023 // A package reshipping company targeted in a theft scheme by a former Delaware State Police trooper has filed a lawsuit against him and the police agency.TotalTransLogistics LLC said in a complaint filed this week in...

Ransomware Criminals Are Dumping Kids’ Private Files Online After School Hacks

Jul 7 2023 // The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even...

California Insurance Broker Arraigned for Allegedly Stealing from Small Businesses

Jul 7 2023 // Brian Keith Arteaga, 39, of Placentia, California, was arraigned this week on multiple felony counts of grand theft by embezzlement, theft of fiduciary funds, insurance fraud, and money laundering after a California...

Panama Expects to Be Removed From Financial Crime Watch List in October

Jul 6 2023 // Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be doing too little to fight money laundering, the country’s deputy finance minister said,...

11 People Charged in Alleged $8M Delaware Valley Catalytic Converter Theft Ring

Jul 6 2023 // A Philadelphia towing firm and 10 adults one juvenile have been charged in what prosecutors say is a multi-million dollar theft ring that targeted catalytic converters in the Delaware Valley region.Bucks County District...

Theft is on the Rise: Is your construction site secure?

Jul 5 2023 // This post is part of a series sponsored by IAT Insurance Group. Here are two true claims stories:In Dallas, a 2018 Lincoln Ranger Welder and tools in a 20-foot container were stolen from an elementary school jobsite. Since...

Beware of Bond Fraud

Jul 3 2023 // This post is part of a series sponsored by Old Republic Surety.It’s fortunately rare, but when bond fraud happens, it can be devastating. As a bond producer developing a book of surety business, you must be vigilant...

Missouri Man Pleads Guilty to $1.1M Insurance Fraud Scheme

Jul 3 2023 // A Missouri man has pleaded guilty in federal court to his role in a $1.1 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents, as well as to his role in a conspiracy to...