Latest Fraud Headlines

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

Owner of Hummer Found Buried in Alabama Indicted on Insurance Fraud

Feb 22 2023 // Ten months after a vehicle was found buried behind a barn in south Alabama, the former owner of the Hummer has been indicted by a grand jury.Bruce Parnell, of Washington County, reported the 2006 Hummer H2 stolen in 2016...

Connecticut Insurance Firm Owner Pleads Guilty in $40M Fraud Scheme

Feb 22 2023 // The owner and manager of a Connecticut insurance firm pled guilty this week in federal court in White Plains, New York to conspiracy to commit wire fraud and bank fraud, according to prosecutors.Between 2015 and 2019,...

Louisiana Insurance Commissioner Accuses Hurricane Claim Law Firm of Fraud

Feb 21 2023 // Louisiana Insurance Commissioner Jim Donelon announced Friday that his department issued a cease-and-desist order to McClenny, Moseley & Associates, a Houston-based law firm that filed more than 1,500 hurricane-damage...

‘Strike Force’ to Thwart Theft or Use of Disruptive Technology

Feb 21 2023 // US enforcement agencies are forming a “strike force” to combat adversaries trying to steal advanced technology, hack for financial gain or use new tools to collect intelligence.The move comes as government...

Insurer Can’t Object to Asbestos Makers’ Bankruptcy, Despite Fraud Concerns

Feb 17 2023 // A liability insurer has no standing to object to its insured’s bankruptcy plan, even if the carrier feels that the plan unfairly exposes it to potentially fraudulent claims, a federal appeals court decided this week...

Two Missouri Residents Plead Guilty to $1.2M Insurance Fraud Conspiracy

Feb 16 2023 // Two Columbia, Mo., residents pleaded guilty in federal court to their roles in a $1.2 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents.Latoya Marie Brown, 37, who also...

New Jersey Supreme Court Remands Workers’ Compensation Fraud Case for Allocation of Fault

Feb 16 2023 // There will be a jury retrial on allocation of liability in a New Jersey workers’ compensation premium fraud case won by Liberty Insurance Corp. against a construction firm.The New Jersey Supreme Court ruled yesterday...

Doctor Headed to Prison After Extensive Hospice Fraud in Mississippi

Feb 15 2023 // A Mississippi physician has been sentenced to five years in prison for healthcare fraud connected to hospice operations in the state’s impoverished Delta region.Federal prosecutors said Dr. Scott E. Nelson, 58, of...

Hyundai, Kia Offer Software Upgrade to 8.3 Million Vehicles to Prevent Thefts

Feb 15 2023 // Hyundai Motor and Kia Corp. will offer software upgrades to 8.3 million U.S. vehicles to help curb increasing car thefts using a method popularized on TikTok and other social media channels, the Korean automakers said on...

Commodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel Fraud

Feb 10 2023 // Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn’t contain the nickel they were supposed to. nickel fraudTrafigura has spent the...

Former Iowa Insurance Producer Sentenced for Fraud Scheme

Feb 10 2023 // Former insurance producer Oscar Sanchez of Marshalltown was recently sentenced in Marshall County District Court after pleading guilty to his actions in an insurance fraud scheme. Sanchez pled guilty on December 8th, 2022,...

Unlicensed California Insurance Agent Sentenced for Stealing $140K from Business Owners

Feb 10 2023 // Robert Meseer, 69, of Westminster, California, was sentenced this week after pleading guilty to 55 felony counts of grand theft, insurance fraud and forgery.Meseer was sentenced to three years of supervised formal...

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

Feb 9 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...

Brothers in Fraud: Carolina Insurance Agents Plead Guilty to Ponzi Scheme Charges

Feb 9 2023 // Two brothers, longtime insurance agents in Whiteville, North Carolina, are on their way to several years in prison after pleading guilty to running a Ponzi scheme that defrauded friends, family and other members of the...

Criminal Attorney Signs on to Represent Houston Hurricane Claim Filing Law Firm

Feb 8 2023 // Houston, Texas-based McClenny Moseley & Associates hired a criminal defense lawyer after being sanctioned last week by a federal judge in New Orleans for filing lawsuits on behalf of a homeowner it did not represent.On...

Disbarred Lawyer Pleads Not Guilty to Settlement Thefts in California

Feb 8 2023 // Disbarred lawyer Tom Girardi had not guilty pleas entered on his behalf on charges he embezzled millions of dollars from some of the massive settlements he won for clients during a once prominent career.Girardi, 83, is...

First Sweeping Federal Gun Crime Report in 20 Years Released

Feb 7 2023 // The most expansive federal report in over two decades on guns and crime shows a shrinking turnaround between the time a gun was purchased and when it was recovered from a crime scene, indicating firearms bought legally are...

Securities Fraud Trial Over Elon Musk’s 2018 Tweets Draws to a Close

Feb 3 2023 // A lawyer for Tesla Inc. shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding to take his electric car company private is expected to make closing arguments to a San Francisco jury on...

Crypto Thefts Hit Record $3.8B in 2022 on Surge in North Korea Hacking: Report

Feb 3 2023 // Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation.Overall crypto losses increased from $3.3 billion stolen in 2021,...

Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges

Feb 1 2023 // The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company.Gregoire Tournant...