All the headlines from our Fraud Topic Page, ordered by recency.
Sep 15 2009 // A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books.U.S. District Judge Christopher Droney...
Sep 15 2009 // The Louisiana Workforce Commission (LWC) announced a third arrest this month as part of the the agency’s statewide crackdown on employers who are alleged to have committed workers’ compensation fraud.Agents...
Sep 14 2009 // According to the FBI, the estimated number of violent crimes in the nation declined for the second year in a row. Motor vehicle theft crimes also declined in 2008.FBI statistics show that the estimated volume of violent...
Sep 14 2009 // The Ohio Department of Insurance and Nationwide Insurance have issued a warning regarding an international mail fraud scheme that uses the Nationwide name.Consumers in as many as 10 states have reportedly received...
Sep 14 2009 // Two residents of San Jose, Calif., have been arrested on automobile insurance fraud charges, after one of them attempted to buy insurance immediately after an accident.“Insurance fraud perpetrators drive up the cost...
Sep 11 2009 // The Louisiana Workforce Commission (LWC) and the state’s attorney general reported the arrest of a Louisiana couple for alleged workers’ compensation premium fraud.Mauro and Keren Aguirre, owners of Escapade...
Sep 9 2009 // Property/casualty insurance companies report that the number of claims suspected of possible fraud has jumped 13 percent for the first half of this year compared to last year’s first six months.A review of suspicious...
Sep 7 2009 // Florida’s efforts to encourage homeowners to harden their homes to better withstand big storms by giving them insurance premium discounts is not getting the job done, according to a report from insurance agents in...
Aug 31 2009 // The American Bar Association is seeking to bar the Federal Trade Commission from applying its Red Flags Rule, designed to prevent identity theft, to practicing lawyers.An ABA suit filed in the U.S. District Court for the...
Aug 28 2009 // A Strafford, New Hampshire, man has been convicted of staging a burglary at his home in order to collect insurance money. The attorney general’s office says 28-year-old Bradford Sargent reported the burglary to...
Aug 27 2009 // Oklahoma Insurance Commissioner Kim Holland announced former insurance agent Richard Wallen has been arrested by the Oklahoma Insurance Department’s Anti-Fraud Unit. Wallen has been charged with two felony...
Aug 27 2009 // California Department of Insurance commissioner Steve Poizner today announced in Los Angeles that recently compiled statistics show that financially desperate residents and scam artists may be committing more automobile...
Aug 25 2009 // A former Vinita, Okla., insurance agent will pay more than $4,400 in restitution after pleading guilty to selling insurance without a license, Oklahoma Attorney General Drew Edmondson reported.William Ronald Harlan, former...
Aug 24 2009 // Consumers and companies are vulnerable to hackers and identity thieves even after U.S. authorities arrested a man they said was a master hacker who stole 170 million credit and debit card numbers.Estimates on the total...
Aug 21 2009 // Texas Mutual Insurance Company reported that Erection Professionals Inc. in Pleasanton has pleaded guilty to workers’ compensation fraud-related charges. A Travis County district court ordered the company to repay...
Aug 20 2009 // The California Department of Insurance has announced that Joseph Baiden, 56, of Diamond Bar, surrendered yesterday morning to the Los Angeles Superior Court pursuant to an arrest warrant issued for eight counts of...
Aug 18 2009 // Wall Street’s top cop has a lot to prove and it’s been taking no prisoners.After enduring a thorough thrashing for its supervision of the now-defunct Bear Stearns and missing Bernard Madoff’s $65 billion...
Aug 18 2009 // David Dickson has been appointed to the New York Compensation Insurance Rating Board’s (NYCIRB) Fraud Task Force. Dickson has served on the NYCIRB since last year, and originally was named to the committee as the...
Aug 17 2009 // Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S.Albert Gonzales, 28, was indicted for conspiring to hack into computer networks...
Aug 13 2009 // Florida’s efforts to encourage homeowners to harden their homes to better withstand big storms by giving them insurance premium discounts is not getting the job done, according to a report from insurance agents in...