Latest Fraud Headlines

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

California Tow Truck Driver Arraigned on 54 Counts of Insurance Fraud, Assault

Mar 24 2023 // Eliu Canales, 43, was arraigned this week on 54 felony counts of insurance fraud, assault with a deadly weapon and reckless driving after a joint investigation by the California Department of Insurance and San Joaquin...

Mississippi Doctor Avoids Jail Time in Multimillion-Dollar Cream Scheme Fraud

Mar 22 2023 // A Mississippi doctor will not spend time in jail after pleading guilty to federal misdemeanor charges for his role in a health care fraud scheme that prosecutors said cost insurers about $515 million.Dr. Gregory Auzenne,...

States Urge Hyundai, Kia to Do More to Tackle Theft Risk

Mar 21 2023 // A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor 005380.KS and Kia Corp 000270.KS and said they need do more to address problems with millions of U.S. vehicles that are prone to theft.Last month,...

From Construction Costs to Cyber Crime, Educational Organizations Face Multiple Insurance Challenges

Mar 20 2023 // As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for...

FBI Returns 50 Artifacts Stolen From Museums

Mar 17 2023 // Federal authorities say dozens of artifacts stolen in the 1970s from museums in several states and dating back as far as the French and Indian War have been returned to the institutions.The FBI announced Monday at a...

Texas Public Adjuster Indicted of Stealing $268K in Insurance Claims

Mar 16 2023 // A Texas public insurance adjuster accused of stealing more than $268,000 in insurance claims from multiple victims has been indicted by a grand jury in Kimble County.A Texas Department of Insurance (TDI) investigation...

Ringleader Pleads Guilty to Scheme Using Stolen IDs to Buy Vehicles

Mar 15 2023 // A Massachusetts man described by authorities as the ringleader of a group that used stolen identities to buy multiple vehicles worth a total of more than $1.5 million has pleaded guilty to fraud and identity theft charges,...

Signature Bank Faced Criminal Probe Ahead of Firm’s Collapse

Mar 15 2023 // US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend, according to people familiar with the matter.Justice Department...

Georgia Business Owner Sentenced in $54M California Workers’ Comp Fraud

Mar 13 2023 // Wesley Owens, 54, of Atlanta, Georgia, and Beau Wilson, 38, also of Atlanta, pleaded no contest to multiple felony counts of insurance fraud and conspiracy in Los Angeles Superior Court over charges filed after a...

Over One Million Vehicles Reported Stolen in 2022

Mar 10 2023 // According to a new analysis by the National Insurance Crime Bureau, more than one million vehicles were stolen in the United States last year – marking a 7% increase over 2021. Monthly theft totals nationwide...

Ohio Insurance Department Warns of ‘Past Posting’ Fraud Scheme

Mar 9 2023 // The Ohio Department of Insurance warned of an insurance fraud scheme committed after an auto accident or property damage that is trending in the state.Named the “past posting” scheme, the term describes the...

Owner of Chain of Addiction Clinics Charged With Insurance Fraud

Mar 7 2023 // The owner of a chain of clinics treating substance abuse disorders in Massachusetts and Rhode Island, and one of the company’s employees, were charged last week with cheating health insurers out of millions of...

Wisconsin Substance Center Owes $2M in Fraud Case

Mar 6 2023 // A federal judge has ruled that a now-shuttered Wisconsin substance abuse center and its CEO owe the state and federal government more than $2 million in a Medicaid fraud case.Online court records show U.S. District Judge...

Investigation Leads to Woman’s Insurance Fraud Conviction in Washington

Mar 6 2023 // An Edmonds, Washington, woman pled guilty to committing insurance fraud after an investigation completed by Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit. Eden Gebru pled guilty to the charge of...

Insurance Executive Lindberg Remains Free After Indictment on New Fraud Charges

Mar 6 2023 // A North Carolina business magnate remains free after he was indicted on charges he conspired to conduct a massive scheme to deceive insurance regulators and policyholders related to insurance companies that he...

Fraudulent Instruction, Data Theft Trends to Continue in 2023: Beazley Cyber Services Snapshot

Mar 6 2023 // Incidents of fraudulent instruction scams were up 13% in 2022, according to specialist insurer Beazley’s new Cyber Services Snapshot report.Under fraudulent instruction scams, criminals use hacking and phishing...

Florida Injury Attorney Who Used LOPs Charged With Stealing $850,000 from Clients

Mar 2 2023 // A Tampa-area personal injury attorney, once active in auto accident, rideshare and other insurance claims litigation, has been arrested and charged with multiple counts of money laundering and grand theft.The Pinellas...

Call Me, Maybe? The Stealth Disappearance of Social Engineering and Fraudulent Instruction Coverage

Mar 2 2023 // Anyone who owns a cellphone or uses an email address has received a communication from a scammer seeking to extract confidential information or trick the recipient into sending money to foreign countries. These attempts...

Mitigating Risk in the Growing Battle Against Cargo Theft

Mar 2 2023 // This post is part of a series sponsored by IAT Insurance Group. Cargo theft remains a prominent threat to the transportation industry. In one high-profile case in 2022, three Florida men stole approximately $9 million...

Alabama Insurance Agent Charged with $600,000 in Fraud, Elder Exploitation

Mar 1 2023 // Authorities have charged an Alabama insurance agent, who formerly worked for Alfa Insurance, with more than $600,000 in fraud, theft and exploitation of the elderly.Bret Chappell, 43, of Warrior, Alabama, was arrested...