All the headlines from our Fraud Topic Page, ordered by recency.
Dec 7 2009 // Insurance agency owner Craig Randall, 52, of Porter Ranch has been found guilty of 13 counts of theft of funds by a broker or agent, two counts of forgery, one count of attempted theft of funds and one count of attempting...
Dec 7 2009 // A Southern California accountant has been sentenced to 12 years in prison for stealing more than $2 million from a pet insurance company. Stephen Anthony Frlekin of El Segundo pleaded guilty in a Santa Ana courtroom Friday...
Dec 6 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in the Empire State, in a move aimed at reducing fraud.“We have to be vigilant in protecting the pocketbooks...
Dec 3 2009 // A Dallas and New Orleans-based hurricane restoration company that has been subject to numerous lawsuits since Hurricane Katrina, and several of the company’s executives, have been charged by the Securities and...
Nov 30 2009 // The Supreme Court said Monday it would decide when U.S. laws against securities fraud apply to transnational securities dealings, specifically involving a case about a shareholder lawsuit against National Australia Bank...
Nov 25 2009 // The New York State Insurance Department is proposing new regulations for no-fault auto insurance coverage in Empire State, in a move the state’s top regulator says will help reduce fraud.“We have to be vigilant...
Nov 17 2009 // “Economic downturns are often linked to increases in fraud and crime,” notes an article on the Lloyd’s web site (www.lloyds.com). “In desperate times people are said to be more likely to turn to...
Nov 15 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurers must redouble efforts to root out...
Nov 12 2009 // California Insurance Commissioner Steve Poizner today announced that Edwin A. Flores, 33, of Long Beach pled guilty to one count of misdemeanor grand theft and was sentenced Nov. 5 to two years probation, 120 hours of...
Nov 11 2009 // The former commissioner of the Utah Department of Public Safety on Monday entered a conditional guilty plea to two third-degree felony charges of falsely obtaining a prescription and to a misdemeanor count of filing a...
Nov 6 2009 // No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurance companies need to redouble efforts...
Nov 5 2009 // A San Francisco investment manager is facing a maximum sentence of 20 years in prison after pleading guilty to fraud. Federal prosecutors say in pleading guilty to mail fraud Tuesday, Alexander Trabulse admitted that he...
Nov 4 2009 // A jury in New Orleans has found Dell Inc. liable for $12.8 million in damages over unfair competition and conspiracy claims in a lawsuit involving the city’s problematic crime camera surveillance program.Southern...
Nov 2 2009 // U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.Hundreds of documents released last Friday...
Nov 2 2009 // Federal prosecutors say a Waterbury businessman has admitted to ripping off more than $1.3 million from clients that authorities say was used to gamble at Connecticut’s casinos.The U.S. Attorney’s office said...
Nov 1 2009 // In the year 2008, there was a 25 percent increase in suspected vehicle arson fraud in California, according to the state.Commissioner Steve Pointer said that recently compiled statistics show that scam artists may be...
Oct 30 2009 // A California financial products firm, two current executives and a former executive were indicted on Thursday for bid rigging and fraud related to municipal bond contracts, the Justice Department said.Dunhill Insurance...
Oct 30 2009 // Georgia officials say they have arrested the ringleader in a fraud ring operating in Savannah, that collected nearly $95,000 from six insurance companies by staging accidents and filing bogus claims.Insurance Commissioner...
Oct 30 2009 // Two Southern California men who were arrested on Oct. 15 for workers’ compensation insurance fraud in Orange County.The state Insurance Commissioner, Steve Poizner, said that Sanjiv Mahendra Shah, 53, of Placentia...
Oct 30 2009 // LPL Financial Corporation (LPL) will pay nearly $1.3 million in restitution to Montana investors and a fine of $150,000 to the State of Montana under a settlement announced today by Monica Lindeen, Montana Commissioner of...