Latest Fraud Headlines

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

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...

Markets/Coverages: Combo W&H and EPL Policy From ExecutivePerils; Coalition Adds Crime and Fiduciary Coverage

Jan 31 2023 // Independent wholesaler ExecutivePerils announced the launch of a new insurance policy, EPL+WHIP – a product that combines wage & hour insurance protection (WHIP) coverage with employment practice liability (EPL)...

New York Prosecutors Allege Workers’ Comp Premium Fraud in Two Schemes Worth $10M

Jan 27 2023 // Manhattan District Attorney Alvin Bragg, Jr. within the past week announced two separate indictments alleging workers’ compensation fraud, one totaling $7 million in premiums and the other, $3 million.In one case,...

Abbott Faces Criminal Probe Over Baby Formula

Jan 23 2023 // Abbott Laboratories’ Michigan plant, which was at the center of the U.S. baby formula shortage last year, faces a criminal investigation by the Justice Department, the Wall Street Journal reported on Friday.Panicked...

Judge Orders Boeing Arraigned on MAX Fraud Charge

Jan 20 2023 // A federal judge on Thursday ordered Boeing Co BA.N to appear in court on Jan. 26 to be arraigned on a 2021 felony charge after families of those killed in two fatal crashes objected to a 2021 plea deal.Boeing won immunity...

USDA Rolls Out Rule to Stop Fraud in Organic Food Sales

Jan 19 2023 // The U.S. government plans to impose new regulations on food producers and handlers aimed at reducing fraudulent schemes in which non-organic products are sold as organic, one of the biggest changes to oversight of the...

Former California Insurance Agent Arrested for Allegedly Stealing $90K

Jan 13 2023 // Sally Nava Kanarek, 76, of Huntington Beach, was arrested this week on multiple felony counts of financial elder abuse, grand theft of an elder, and forgery after a California Department of Insurance investigation found...

Donald Trump’s Company Sentenced to Pay $1.61M Penalty for Tax Fraud

Jan 13 2023 // A New York judge on Friday sentenced Donald Trump’s namesake real estate company to pay a $1.61 million criminal penalty after it was convicted of scheming to defraud tax authorities for 15 years.Justice Juan Merchan...