All the headlines from our Fraud Topic Page, ordered by recency.
Jan 13 2023 // In October, the Detroit Institute of Arts pulled back the curtains on its three-month Van Gogh exhibit, proudly boasting that its expo of 74 paintings was one of the largest-ever collections assembled of the Dutch...
Jan 13 2023 // Corporations in New York’s construction industry will face increased fines of up to $500,000 if they are found criminally liable for worker deaths or serious injuries.Gov. Kathy Hochul signed into law what has been...
Jan 12 2023 // Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday.The...
Jan 10 2023 // San Elizario, Texas mayor Isela Reyes was arrested Tuesday for insurance fraud, the El Paso County Sheriff’s Office said.The FBI West Texas Border Corruption Task Force arrested Reyes for insurance fraud of over...
Jan 9 2023 // Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal cases involving...
Jan 5 2023 // JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank...
Jan 4 2023 // Previously licensed California bail agent and insurance producer Sean Wilczak, 29, was arraigned in Santa Barbara County Superior Court on three felony counts of grand theft for allegedly stealing $25,000 from three bail...
Jan 4 2023 // Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an...
Dec 28 2022 // A top executive for embattled North Carolina insurance executive Greg Lindberg is awaiting sentencing after pleading guilty to federal fraud charges in connection with an elaborate scheme to shunt millions of dollars from...
Dec 27 2022 // SPRINGFIELD, Mo. (AP) – Three Missouri men have been sentenced for their roles in the theft of tens of thousands of stolen catalytic converters, which were taken to an Arkansas business as part of a multi-million-dollar...
Dec 22 2022 // A former bus driver for the Niagara Frontier Transportation Authority (NFTA) has been sentenced to five years of probation for fraudulently obtaining workers’ compensation benefits by misrepresenting her injuries....
Dec 20 2022 // This article has been updated to reflect information from the prosecutor in the case.A Georgia insurance agent has been sentenced to five years in prison after he was convicted of providing fraudulent workers’...
Dec 19 2022 // A New York attorney and surgeon were convicted by a Manhattan jury of six counts of fraud for participation in an illegal scheme that included false insurance claims and unnecessary surgeries for alleged injuries from...
Dec 14 2022 // New York Governor Kathy Hochul has signed legislation (S.7658-B/A.8869-B) to protect individuals and organizations that are victims of hate crimes from unfair insurance practices.The new law prohibits insurers from...
Dec 12 2022 // Actuarial research released last week suggests that marijuana decriminalization is not associated with a notable increase in traffic accidents or accident severity.Temporal patterns of human activity (such as yearly,...
Dec 9 2022 // Francis Okyere, 70, a previously licensed insurance agent in Westlake Village, California, was sentenced this week after pleading no contest to 17 felony counts of identity theft and grand theft by false pretenses.A...
Dec 8 2022 // An unlicensed contractor and a deputy sheriff in Florida have been charged in separate incidents of contracting fraud and insurance fraud, state and local authorities said.Ty Lamonte Hillman was arrested this week after...
Dec 7 2022 // According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations.FFT comprised 36% of of the company’s cyber claims – an all-time high –...
Dec 6 2022 // Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud scandal and sent shockwaves through the country’s...
Dec 6 2022 // Tougher penalties for certain types of arsons and large-scale thefts at stores in North Carolina are among all or portions of 10 new state laws approved by the General Assembly this year that will take effect on...