Latest Fraud Headlines

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

OpenAI’s Internal AI Details Stolen in 2023 Breach, NYT Reports

Jul 5 2024 // A hacker gained access to the internal messaging systems at OpenAI last year and stole details about the design of the company’s artificial intelligence technologies, the New York Times reported on Thursday.The...

Career Criminal Sentenced on More Insurance Fraud Charges in South Carolina

Jul 2 2024 // A South Carolina man with a long criminal history has pleaded guilty to multiple insurance fraud and identity fraud schemes that had netted him more than $139,000.Marcus Blair, of Florence, South Carolina, has been...

Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says

Jul 1 2024 // GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled in June that two of those...

Supreme Court Curbs SEC’s In-House Judges in Fraud Cases

Jun 27 2024 // The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the...

Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack

Jun 27 2024 // Evolve Bank & Trust confirmed it was the victim of a cyberattack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk...

Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases

Jun 26 2024 // Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud.Shanell Angelia West, of Essex, was allegedly involved in a theft...

Florida Governor Suspends City Councilwoman Indicted on Insurance Fraud Charges

Jun 26 2024 // A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers.The Miami Herald and multiple news outlets...

The Rise of Strategic Cargo Theft and Steps to Prevent It

Jun 26 2024 // This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high last year — up 57% across North America alone.[1]Most commonly, these thefts are the result of an ongoing misdirection...

BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers

Jun 25 2024 // A hacking group called BlackSuit is behind the cyberattack on CDK Global that’s paralyzed car sales across the US, according to Allan Liska, a threat analyst at the security firm Recorded Future Inc.The cybercrime...

US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms

Jun 24 2024 // U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar...

Hackers Auction Off Stolen LendingTree Consumers’ Data

Jun 24 2024 // Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the...

Hackers Auction Off Stolen LendingTree Consumers’ Data: Source

Jun 21 2024 // Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the...

UK Hospital Hackers Claim to Publish Stolen NHS Data

Jun 21 2024 // The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is stolen data from the attack.England’s National Health Service said in a statement Friday it was...

Iowa Nurse Charged With Insurance Fraud

Jun 18 2024 // An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony), following an investigation by the Iowa Insurance Division’s Fraud Bureau.Amanda Manatt, age 35, of...

SEC Charges AI-Based Startup With ‘Old School Fraud Using New School Buzzwords’

Jun 14 2024 // The Securities and Exchange Commission (SEC) this week charged Ilit Raz, CEO and founder of the failed artificial intelligence recruitment startup Joonko, with defrauding investors of at least $21 million.According to the...

California Is Sitting on Millions That Could Boost Wage Theft Response

Jun 12 2024 // As lobbyists for businesses and labor groups negotiate with Gov. Gavin Newsom’s administration on how to amend a unique California labor law that allows workers to sue their bosses, the two sides seem to agree on at...

Workers’ Comp Fraud Task Force Uncovers $30M Scheme in California

Jun 12 2024 // A pair of businessmen were arraigned on multiple felony counts including insurance fraud, grand theft, and tax fraud after a California Department of Insurance investigation found they allegedly underreported over $29.2...

Attempted Bribe Doesn’t Stop Jurors From Convicting Defendants in $40M Fraud Scheme

Jun 10 2024 // MINNEAPOLIS (AP) — A jury convicted five Minnesota residents and acquitted two others on Friday for their roles in a scheme to steal more than $40 million from a program that was supposed to feed children during the...

Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse

Jun 10 2024 // A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the pandemic that caused an estimated $7 billion of investor losses.Gregoire Tournant, 57, of...

Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA

Jun 6 2024 // USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients.The new platform leverages industry-specific benchmark data to generate...