Latest Fraud Headlines

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

Iowa Couple Pleads Guilty to Insurance Fraud

Nov 13 2024 // An Iowa couple pleaded guilty to insurance fraud, forgery and theft, the Iowa Insurance Division announced.Des Moines – Lance Seastrand, age 52, and his wife, Staci Seastrand, age 56, of Davenport, were sentenced on...

Investment Firm Executive Lindberg Admits $2 Billion Fraud

Nov 13 2024 // North Carolina investment firm founder Greg Lindberg, already convicted this year on bribery charges, pleaded guilty to a separate $2 billion fraud.Lindberg, who founded Eli Global LLC, admitted in federal court in...

NYC Man Charged With Insurance Fraud in Staged Car Crash Captured By Dashcam

Nov 12 2024 // A New York City man has been charged with staging a car accident for insurance fraud purposes last month in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities...

US Supreme Court to Hear Facebook Bid to Escape Securities Fraud Suit

Nov 8 2024 // The U.S. Supreme Court is set on Wednesday to consider a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the...

Former UFC Fighter Wanted on Insurance Fraud Charges in Washington

Nov 8 2024 // A former UFC fighter is wanted in Washington for insurance fraud, among other charges.Bryan Caraway, originally from Richland, has landed on Washington Insurance Commissioner Mike Kreidler’s insurance fraud most...

Missouri Farmer Who Stars in Reality TV Series Pleads Guilty to Crop Insurance Fraud

Nov 7 2024 // A Missouri farmer who appears in a reality TV show about his family’s farming operation pleaded guilty this week to a multi-million dollar fraud scheme involving federal crop insurance benefits.Steve A. McBee, 52,...

SC Man Sentenced for Targeting Drivers in Parking Lot Insurance Fraud Scheme

Nov 7 2024 // A 44-year-old South Carolina man was sentenced to 18 months in prison after he pleaded guilty to an auto insurance fraud scheme that targeted elderly drivers in parking lots.In 2020 through 2022, Cornelius Jones, 44, of...

Judge Delays Wrongful Death Lawsuit Against Karen Read Until After Criminal Trial

Nov 5 2024 // A judge ruled Thursday that Karen Read won’t have to give a deposition in her wrongful death lawsuit until after her criminal trial in January.The brief from Judge William M. White Jr. on Thursday effectively delays...

Hawaii Attorney General Probe into Deadly Wildfire Won’t Lead to Criminal Charges

Nov 4 2024 // An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any criminal charges.Hawaii...

Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits

Nov 4 2024 // The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to...

Texas Pharmacy Owner Sentenced in $41M Health Insurance Fraud

Oct 31 2024 // A Dallas pharmacy owner who routinely billed insurance companies for headache sprays, pain creams, and scar creams never dispersed to patients was sentenced last week to 10 years in federal prison, announced U.S. Attorney...

Former Principal of Missouri Boarding School Charged with Sex Crimes Involving Student

Oct 31 2024 // A former principal at a Christian boarding school in Missouri that closed in March amid abuse allegations has been charged with sex crimes involving a former student.Craig Wesley Smith Jr. was charged by the prosecutor in...

Allstate, Roberto Clemente Agency Settle Racial Bias, Fraud Dispute

Oct 30 2024 // The son of the late Major League Baseball Hall of Famer Roberto Clemente and Allstate Insurance Co. have settled their disputes over Allstate’s cancellation of the Clemente Family Agency’s contract and...

JPMorgan Sues Customers Over Check Fraud Linked to Glitch That Went Viral

Oct 30 2024 // JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok.The glitch in...

Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms

Oct 29 2024 // A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by...

California Vocational School Owner Charged With Fraud in Workers’ Comp Scheme

Oct 25 2024 // The owner of a Fresno, California-based for-profit vocational school was charged with engaging in fraudulent billing practices related to workers’ compensation.Paul Steve Ramirez, 59, was charged with 11 felony...

Former Iowa Insurance Producer Sentenced for Wire Fraud and Money Laundering

Oct 21 2024 // William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges. In...

Four Charged In $10 Million No-Fault Insurance Fraud Scheme

Oct 18 2024 // Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of that fraud through a...

Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

Oct 18 2024 // Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber...

Former Texas Police Chief Convicted of Insurance Fraud

Oct 16 2024 // A federal jury convicted former Castroville Police Chief, Christopher Filline, for one count of conspiracy to commit wire fraud, the U.S. Attorney’s Office for the Western District of Texas announced. According to...