All the headlines from our Fraud Topic Page, ordered by recency.
Oct 6 2009 // Questions about securities fraud, Sarbanes-Oxley, financial executives’ compensation and football merchandise are among the high-profile cases that the Supreme Court will take up in its term that began this week:...
Oct 5 2009 // Lloyd’s of London has told a federal judge he should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Oct 1 2009 // Minnesota Attorney General Lori Swanson is suing two out-of-state companies for selling allegedly fraudulent health insurance coverage to the uninsured.In an announcement on the AG’s Web site, Swanson said the two...
Sep 30 2009 // By networking existing databases and adding secure reporting and analytic functions, two insurance industry organization hope to create a nationwide information sharing system on cargo crimes.The rating and statistical...
Sep 25 2009 // A Scott, La., area insurance agent has been arrested, issued a cease and desist order, summary suspension of his license and fine notice for alleged misappropriation of premiums and unfair trade practices.Carmen Miller,...
Sep 25 2009 // The State Auto Insurance Companies, based in Columbus, Ohio, now offer customized Marriage Identity Services, enhancing the lineup of identity protection services available to State Auto policyholders.Through a partnership...
Sep 25 2009 // Promises of high profits, low risks, and guaranteed returns may sound too good to resist to cash-strapped investors in a recovering economy, but Montanans struggling to avoid getting scammed don’t have to go it...
Sep 24 2009 // Two Denham Springs, La., insurance agents have been accused of committing insurance fraud, and were served with cease and desist orders, summary suspension notices and fine notices by the Louisiana Department of...
Sep 23 2009 // California Attorney General Jerry Brown Tuesday sued Stanley Chais, a Beverly Hills money manager accused in lawsuits by investors and U.S. regulators of channeling hundreds of millions of dollars from Hollywood’s...
Sep 23 2009 // Federal authorities say two dozen people arrested earlier this year were part of a sophisticated car theft ring that targeted vehicles at University of Tennessee football home games.Unsealed federal documents examined by...
Sep 21 2009 // A federal appeals court has reinstated a criminal case against a Las Vegas attorney and medical consultant accused of participating in a scheme to inflate medical costs, protect doctors from malpractice lawsuits and share...
Sep 18 2009 // The owner of a Long Island carpentry business has been charged with fraud for failing to disclose over $900,000 in sales to his workers’ comp insurer – a move which lowered his insurance premiums by $44,000.The...
Sep 18 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Sep 18 2009 // The Illinois Department of Insurance as revoked the license of an agent and his agency, and fined him $100,000 for keeping his clients’ payments and committing several other frauds.Investigators say Earl D. Bertsche,...
Sep 17 2009 // The arbitrary assignment of premium discounts for certain mitigation features without regard to insurance companies’ base rates or premium calculations for existing business has proven to be the downfall of the...
Sep 17 2009 // Insurance agent Louise May Batchelor, 55, of San Diego, has pled guilty to two felony counts of grand theft. Her sentencing has been set for November 6, 2009 in San Diego Superior Court.According to California Department...
Sep 17 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Sep 16 2009 // The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.).Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future Act,...
Sep 15 2009 // Lloyd’s of London said a federal judge should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Sep 15 2009 // Richard Wu’s apparent kidnapping was a near-death experience laced with racial hate. Four men grabbed him and a friend, took them to the New Star Asian Cuisine in Columbus, Ohio, set the place on fire with them...