Latest Fraud Headlines

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

Houston Man Sentenced for $1.8M Insurance Fraud Scheme

Oct 1 2021 // A Houston businessman has been sentenced to prison for an insurance fraud scheme and ordered to pay more than $1.8 million in restitution, federal officials say.According to Acting U.S. Attorney Nicholas J. Ganjei for the...

Judge Says Wells Fargo Must Face Shareholder Fraud Claims

Oct 1 2021 // A federal judge on Thursday rejected Wells Fargo & Co’.s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers.The...

Longtime New York City Contractor Indicted for $1M Insurance Fraud

Sep 30 2021 // Manhattan District Attorney Cyrus R. Vance Jr. and New York City Department of Investigation (DOI) Commissioner Margaret Garnett announced the indictment of Dragonetti Brothers Landscaping, Nursery, & Florist (DBLNF)...

Employees May Not Be Working Inside Office Buildings, But Cyber Criminals Are

Sep 29 2021 // The normal bustle inside of many office buildings has come to a halt during the pandemic switch to remote work, but these empty buildings could be inviting a different kind of activity: cyber crime.“With any type of...

Annual Financial Crime Compliance Costs Rise to $49.9B for Financial Institutions

Sep 28 2021 // Financial crime compliance costs for the U.S. and Canada are at nearly $50 billion in 2021, a rise of almost 20% from the year before, according to a new LexisNexis study.Labor costs, more regulations and evolving crime...

Connecticut Woman Charged with Workers’ Compensation Fraud, Larceny

Sep 27 2021 // A Wallingford, Connecticut, woman was arrested and charged with illegally collecting workers’ compensation benefits while being employed as a teacher for the City of Bristol Board of Education.Ann Marie Barros was...

Takeaways from Our Conversation on Crime at Cannabis Operations

Sep 27 2021 // One big national insurance cannabis firm sifted through some of its claims data to tell us that many thefts at cannabis operations are occurring overnight, but more interestingly, based on security footage and other...

Former New York Insurance Broker Sentenced to Prison for $1M Fraud Scheme

Sep 24 2021 // A former insurance broker is going to prison for defrauding insurance companies and individual investors out of more than $1 million.U.S. Attorney James P. Kennedy, Jr. announced that Brian Bartz of Rochester, New York,...

Ex-Official Sent to Prison for Stealing $2M From Illinois City

Sep 23 2021 // A man who stole $2 million from Kankakee, Illinois, and a regional wastewater agency was sentenced to nine months in federal prison and two years of home confinement.Richard Simms, 74, acknowledged diverting money through...

Maryland Couple Indicted in $20M Insurance Fraud Scheme

Sep 22 2021 // A federal district court in Baltimore, Maryland, unsealed an indictment charging a Maryland couple with conspiracy to commit insurance fraud and related charges for money laundering, filing false tax returns and identity...

North Carolina Mother, Son Charged With Insurance Fraud

Sep 22 2021 // Officials with a North Carolina agency have accused a mother and son of falsely telling an insurance company that her car and truck had been struck multiple times by deer and other animals.A news release from state...

Idaho Man Pleads Guilty to Insurance Fraud

Sep 21 2021 // Christopher Katsikaris of Nampa, Idao, was sentenced to two years of supervised probation and a $500 fine after being convicted of one count of insurance fraud.Katsikaris plead guilty to the offense on June 21 after it was...

California Contractors Charged in $5M Workers’ Comp Fraud Scheme

Sep 20 2021 // The Alameda County District Attorney’s Office along with the California Department of Insurance on Monday announced charges against multiple suspects in an organized insurance and workers’ compensation fraud...

South Carolina Lawyer Who Arranged Own Death Turns Himself in on Insurance Fraud

Sep 17 2021 // A prominent South Carolina lawyer who found the bodies of his wife and son three months ago plans to turn himself in to face charges in a plot to arrange his own death that ended with the shooter only grazing him in the...

Ex-Owner of Virginia Assisted Living Facility Pleads Guilty to Fraud

Sep 17 2021 // The former owner of a Richmond, Virginia, assisted living facility pleaded guilty to health care fraud after spending more than $800,000 meant for residents’ care on travel, gambling expenses and personal debts,...

Connecticut Woman Arrested for Workers’ Comp Benefits Fraud

Sep 16 2021 // A Newtown, Connecticut, woman was arrested and charged with illegally collecting workers’ compensation benefits while being employed as a supervisor of Pupil Personnel Services for the Town of New Fairfield Board of...

More Felony Charges for California Insurance Agents in $10M Fraud Scheme

Sep 14 2021 // Additional felony charges have been filed against Robert Andrew Lotter, 64, of Newport Beach, Calif., and Charles Albert Major, 72, of Irvine, who were arrested in November after allegedly defrauding their clients with...

California Business Owner Arraigned in $2.5M Workers’ Comp Fraud Scheme

Sep 13 2021 // Zachary Navo, 38, of Visalia, Calif., was arraigned yesterday on five felony counts of insurance fraud after a California Department of Insurance investigation revealed he allegedly underreported wages by over $2.5 million...

Delaware Trooper Suspended Amid Investigation of Thefts

Sep 9 2021 // A Delaware state trooper has been suspended with pay amid a federal investigation into a series of thefts from a package reshipping company in New Castle.According to an FBI affidavit unsealed late last week, Jamal J....

SEC Sues Founder of Closed BitConnect Exchange Alleging $2B Fraud Scheme

Sep 2 2021 // The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from retail investors.Expanding...