Latest Fraud Headlines

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

Monsanto Pleads Guilty to Pesticide-Related Crimes in Hawaii, to Pay $12M in Fines

Jan 10 2022 // The Monsanto Co. pleaded guilty to illegally using and storing agricultural chemicals in Hawaii, and will pay $12 million in fines.Monsanto, now owned by German pharmaceutical company Bayer, agreed to plead guilty to the...

Cryptocurrency Crime Hit Record $14 Billion in 2021: Research

Jan 6 2022 // Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector.Crypto...

Jonesboro, Louisiana Fire Chief, Sheriff’s Deputy Arrested for Insurance Fraud

Jan 5 2022 // A Jonesboro, Louisiana fire chief and a Jackson Parish sheriff’s deputy have been arrested for insurance fraud over an alleged fraudulent vehicle crash that involved two Jonesboro Fire Department vehicles.In August...

Kentucky Adjuster Sentenced in Crop Insurance Fraud Scheme

Jan 3 2022 // An independent adjuster who helped Central Kentucky tobacco farmers file millions of dollars in fraudulent crop insurance claims is the latest member of a fraud ring to face prison time for the scheme.Timothy Douglas...

Insurers Report Jump in Catalytic Converter Thefts; New State Laws May Help

Jan 3 2022 // In the tiny town of Lawrenceville, Virginia, a van owned by Poplar Mount Baptist Church was knocked out of commission for weeks after thieves cut the catalytic converter out of its exhaust system.Several months later,...

$1 Million in Hermes Handbags Stolen from Florida Store

Dec 29 2021 // More than a dozen one-of-a-kind Hermes handbags with an estimated value of about $1 million were stolen in a smash-and-grab burglary from a boutique store in South Florida, the store owner said.The unique luxury bags were...

Florida Ringleader Sentenced After Security First Audit Uncovers Fraud

Dec 28 2021 // A Florida claims adjuster that authorities called the mastermind behind an extensive property insurance fraud scheme has been sentenced to three years in prison.Walter Malet, 32, of Orlando, was convicted of pilfering more...

New York Man Charged with Insurance Fraud in Stolen Tractor Scheme

Dec 27 2021 // The New York State Police in Brunswick arrested 53-year-old Michael LePage of Glens Falls, New York, on December 17, 2021, for insurance fraud in the fourth degree, a class E felony, and making a false written statement, a...

Worcester County District Attorney Partners with Insurance Fraud Bureau

Dec 22 2021 // The Office of Worcester County District Attorney Joseph D. Early Jr. in Worcester, Massachusetts is continuing its partnership with the Insurance Fraud Bureau to eliminate insurance fraud in an effort that helps reduce...

French Mining Group Eramet Identifies Potential $50.8M Financial Fraud

Dec 21 2021 // PARIS – Eramet has identified a potential 45 million euro ($50.8 million) financial fraud within its group treasury operations, the French mining company said on Tuesday.“Eramet will file a criminal complaint with...

California Man Arraigned on 14 Counts of Insurance Fraud in ‘Paper Collision’ Scheme

Dec 20 2021 // Farrukh Hussain, 37, of Eastvale, California, was arraigned on 14 felony counts of insurance fraud after allegedly stealing consumers’ identities to file 14 fraudulent insurance claims with six different insurance...

Former Maryland Public Adjuster Sentenced for Theft, Insurance Fraud

Dec 16 2021 // A former Maryland public adjuster has been sentenced for theft and insurance fraud.Tashoia Starr Grant, of Street, Maryland, was sentenced on two counts of theft scheme with a value between $10,000 but less than $100,000,...

Restaurant Owner, Niece Face Prison for Arson, Insurance Fraud

Dec 16 2021 // A New York restaurant owner and his nephew’s wife are facing up to 25 years to life in prison after being charged with first degree arson.Zef Gjurashaj, of Newburgh, and his nephew’s wife, Marina Gjurashaj, of...

Unlicensed California Agent Charged with 80 Felony Counts in Alleged Premium Thefts

Dec 16 2021 // Juan Carlos Martinez, 56, of Yorba Linda, California, has been charged with 12 counts of grand theft, 34 felony counts of forgery, 34 counts of insurance fraud, and one count of money laundering, after allegedly collecting...

US Lawmakers Propose Bill Making Staged Collisions Federal Crime

Dec 10 2021 // U.S. Congressmen Garret Graves and Henry Cuellar have introduced a bill that would make it a federal crime to stage a vehicle collision and fraudulently claim financial damages.Graves (R-LA) and Cuellar (D-TX) say the...

California Farm Labor Contractor Arraigned in Alleged $1.8M Workers’ Comp Fraud Scheme

Dec 10 2021 // Alfredo Casas, 62, of Stockton, California, has been arraigned on 15 felony counts of insurance fraud, grand theft and tax evasion.Casas allegedly underreported payroll for his farm labor contracting business by over $1...

Washington Insurance Agent Sentenced to 2 Years in Wire Fraud Case

Dec 9 2021 // A Snohomish, Washington, insurance agent was sentenced to two years in prison after pleading guilty to wire fraud in the theft of premium payments from clients.Vicki Boser, owner of InsuranceTek, Inc., pleaded guilty in...

Google Sues Russians for Alleged ‘Borderless’ Organized Cyber Crime Operation

Dec 9 2021 // Alphabet Inc.’s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated more than a million computers and devices around the world, creating “a modern...

Judge Rules Goldman Sachs Must Again Face 2008 Securities Fraud Class Action

Dec 9 2021 // Goldman Sachs Group Inc .must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008...

California Man Arraigned on 14 Counts of Insurance Fraud in ‘Paper Collision’ Scheme

Dec 6 2021 // Farrukh Hussain, 37, of Eastvale, California, was arraigned on 14 felony counts of insurance fraud after allegedly stealing consumers’ identities to file 14 fraudulent insurance claims with six different insurance...