Latest Fraud Headlines

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

Court Up’holds’ Insurers’ Denial of $6M Crime Claim for Phishing Loss

Mar 1 2021 // Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the...

Illinois Bill Would Move Workers’ Comp Fraud Probes to Insurance Department

Feb 26 2021 // A bill filed in the Illinois General Assembly would transfer the responsibilities for investigating workers’ compensation fraud to the state insurance department.Under HB 2947, the pending business of the Illinois...

California School Employee Arraigned for Workers’ Comp Fraud After Virus Diagnosis

Feb 23 2021 // Stephanie Medrano, 33, of West Covina, Calif., was arraigned on Tuesday on multiple counts of grand theft and insurance fraud after allegedly making misrepresentations following a COVID-19 diagnosis in an attempt to...

North Dakota Bill Aimed at Curbing Catalytic Converter Thefts

Feb 23 2021 // North Dakota lawmakers are weighing a bill aimed at cutting down on an epidemic of catalytic converter thefts.The catalytic converters have become a hot item for thieves because of the precious metals inside. The devices,...

U.S. Fraud Crackdown Eroding Private Equity’s Liability Shield

Feb 23 2021 // Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for children with cancer; and a third used unlicensed counselors to treat poor people with mental...

Former Iowa Insurance Agent Charged with Fraud, Money Laundering

Feb 22 2021 // A former Iowa insurance agent has been charged money laundering and fraud, among other charges, the Iowa Insurance Division reported.Michael J. Heiberger, age 52, of Epworth, has been charged with one count of money...

As Metal Prices Rise, Atlanta Sees Theft of Catalytic Converters

Feb 17 2021 // Soaring prices for precious metals contained in some auto components is driving a rash of thefts in coastal Georgia.The Brunswick News reports 18 catalytic converters have been stolen from three truck rental companies in...

Miami Insurance Agent Arrested in Identity Theft Fraud Scheme

Feb 17 2021 // A Miami insurance agent has been arrested for allegedly stealing personal account information to file false insurance applications and collect commissions from the insurance company, according to a statement from the...

California Mother, Son Arrested for Fraud Involving Aston Martin

Feb 16 2021 // Ahmad Haris Tajyar, 45, and his mother, Malalay Tajyar, 70, both of Porter Ranch, Calif., were arrested on one felony count of insurance fraud each after allegedly filing a false auto insurance claim and making fraudulent...

Former School Bus Employee Arrested in $50K Florida Insurance Fraud Scheme

Feb 16 2021 // A former Miami-Dade County school bus driver was arrested for allegedly filing numerous fraudulent insurance claims and collecting approximately $50,000 from the alleged scheme, according to a statement from the Florida...

New Chubb Crime Coverage Protects Firms from Employee Theft, Outside Criminals

Feb 12 2021 // Chubb has introduced a new crime insurance policy – The Chubb Primary Commercial Crime Insurance, designed to help companies of all sizes and industries protect themselves from criminal activity both inside and outside...

New York Woman Arrested for Insurance Fraud in Obtaining $200K of iPhones

Feb 12 2021 // A Bronx, New York, woman has been arrested and charged with fraudulently obtaining more than $200,000 worth of iPhones from an insurance company.Rosanna Lucrecia Cruel Blanco, 39, was charged by criminal complaint with one...

More Felony Charges for California Insurance Agents in Reported $748K Theft

Feb 11 2021 // Additional charges of felony grand theft were filed this week against licensed California insurance agents Robert Farmer, 66, of Camarillo, and Marion Urcan, 68, of Agoura Hills.The additional charges were filed after...

Former Michigan Agent Pleads Guilty in Auto Insurance Fraud Case

Feb 11 2021 // A former Flint, Michigan, insurance agent has pleaded guilty to selling or offering customers fake auto insurance certificates, state regulators said.Attorney General Dana Nessel said Dillen Leonard, 25, pleaded guilty to...

New York Man Pleads Guilty to Insurance Fraud Following Hit-and-Run Accident

Feb 9 2021 // A New York man has pleaded guilty to insurance fraud after being involved in a hit-and-run incident with a parked car in Hoboken, New Jersey.On Wednesday, February 3, 2021, Richard Hamedl of West New York pleaded guilty to...

Banks See Rise Rise in ‘Smash-and-Grab’ Thefts from Automated Teller Machines

Feb 8 2021 // Convicted bank robber Willie Sutton, when asked why he robbed banks, famously said, “because that’s where the money is.”In today’s socially-distanced world, criminals increasingly are turning their...

Unlicensed Florida Agent Arrested Over Auto Insurance Fraud Scheme

Feb 5 2021 // A Florida woman allegedly acting as an insurance agent without a license was arrested last month after an investigation by the Florida Department of Financial Services Bureau of Insurance Fraud.According to a statement...

Former California Agent Arraigned for Allegedly Stealing from Clients

Feb 4 2021 // Former licensed insurance agent Laura Lopez, 37, of Long Beach, Calif., was arraigned on one felony count of grand theft after allegedly collecting over $97,000 in insurance premiums from clients and pocketing the...

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

Feb 4 2021 // The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off...

Iowa Agent Again Charged with Insurance Fraud, Theft

Feb 3 2021 // A suburban Des Moines, Iowa, insurance agent has been charged with multiple felony counts after state officials say he collected thousands of dollars in premiums for nonexistent insurance policies after his license was...