Latest Fraud Headlines

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

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...

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...