Latest Fraud Headlines

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

Kansas Woman Sentenced to Probation for Insurance Fraud

Sep 4 2024 // Kansas Insurance Commissioner Vicki Schmidt announced an Arkansas City woman has been sentenced to 18 months of probation for insurance fraud. Misty Jane Dial, age 33, pleaded guilty in the District Court of...

How One Florida Engineer Charged Others With Fraudulent Insurance Reports, Testimony

Sep 3 2024 // He’s been called a “do-gooder,” a “troublemaker” and a whistleblower. And he may be the best friend the Florida property insurance industry has.A mechanical engineer based in Edgewater, George...

California Legislature Passes Bill to Support Insurance Fraud Detectives

Aug 30 2024 // California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies.The California Senate and Assembly this week passed...

Vocational School Owner Arraigned in $1M Workers’ Comp Fraud Case

Aug 30 2024 // Los Angeles area vocational school owner, Guillermo Frias, 65, of Paramount, and the school’s accounting manager, Yesid Colon, 54, of Baldwin Park, were arraigned following a California Department of Insurance...

Screwber and Fake GPS: The $40 Million Dollar Ridesharing Fraud Scheme

Aug 30 2024 // Two men have been charged with conducting a six-year scheme in which they allegedly scammed a ridesharing company and customers out of $40 million in fraudulent “surge” fees by selling hacked smartphones and...

Alabama Shipbuilder Austal to Pay $24M to Settle Accounting Fraud Probe

Aug 29 2024 // MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S....

Cybercrime and Sabotage Cost German Firms $300 Billion in Past Year

Aug 28 2024 // Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday.Industry association Bitkom...

Michigan Golf Club Pays $440K Settlement for Alleged Fraudulent Pandemic Loan

Aug 28 2024 // RICHLAND, Mich. (AP) — A golf club in southwestern Michigan has agreed to pay $440,000 to settle allegations that it wrongly obtained a loan through a federal program during the COVID-19 pandemic, authorities said...

Kansas Man Sentenced for Securities Fraud

Aug 27 2024 // Kansas Insurance Commissioner Vicki Schmidt announced that a Wichita man has been sentenced to prison for securities fraud.Jesse Wayne Harris, age 36, was sentenced in Sedgwick County District Court on August 20 to 30...

Telegram CEO Held Over Alleged Failure to Stop Crime on App

Aug 27 2024 // Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material.The...

FBI: From Cybercrime to Terrorism, America Faces Many Elevated Threats ‘All at Once’

Aug 23 2024 // The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview, adding that he is “hard pressed to...

WV Volunteer Fire Official Pleads to Insurance Fraud After Burning Down His Home

Aug 23 2024 // A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain.Donald A....

Scrap Metal Dealer Pleads Guilty in Multistate Catalytic Converter Theft Conspiracy

Aug 23 2024 // A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy.According to court documents, Theodore Nicholas...

Virginia County Police Report Some Success Against High-End Theft Rings

Aug 22 2024 // It took seven people, 15 seconds and a fire extinguisher. With that, a seven-person crew from Pennsylvania made off with more than $60,000 in luxury goods from the Chanel store in the posh Tysons Galleria mall in northern...

Crimes Against Customers: Part 1 – Financial Crimes

Aug 13 2024 // This post is part of a series sponsored by AgentSync.Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to...

SEC Sues Over Alleged $650 Million Global Crypto Fraud

Aug 13 2024 // The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide,...

Hyundai, Kia Software Upgrades Cut Theft Rates By More Than Half, HLDI Finds

Aug 9 2024 // Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute.Theft rates of the...

Georgia Woman Charged with Insurance Fraud After Claimed Injuries

Aug 6 2024 // A woman in north Georgia has been charged with insurance fraud after she claimed that a “personal care device” caused injuries that cost as much as $350,000 to treat.Kamala Anderson, 45, of Snellville, was...

3 Plead Guilty to Insurance Fraud After Washington Insurance Commissioner Investigations

Aug 6 2024 // Three suspects pleaded guilty to insurance fraud in May and June after investigations by Washington Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit.The fraud cases included a suspect from Qatar...

Justice Deptartment Launches Whistleblower Program Aimed at Corporate Crime

Aug 5 2024 // The U.S. Justice Department on Aug. 1 debuted its first-ever whistleblower program offering monetary awards to tipsters who report certain types of corporate misconduct, an effort designed to ratchet up the pressure on...