Latest Fraud Headlines

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

Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering

Jul 6 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...

Texas Work Comp Division: Healthcare Providers Indicted for Drug Distribution, Fraud

Jul 2 2020 // Three Texas healthcare providers will face trial for conspiracy to distribute controlled substances and mail fraud, according to the Texas Department of Insurance – Division of Workers’ Compensation.On June 17,...

No Coverage Owed for Shooting Due to Criminal Act Exclusion

Jul 1 2020 // An insurer is not liable for injuries caused by a policyholder who shot a 15-year-old boy in the head because the policy excluded coverage for criminal acts, a split Georgia Court of Appeals panel decided.The 2-1 ruling by...

N.H. Woman Sentenced for Fraud Scheme Targeting Restaurants, Insurance Companies

Jul 1 2020 // A New Hampshire woman has been sentenced to 18 months in federal prison for participating in a mail fraud scheme targeting restaurants and insurance companies.According to court documents and statements made in court, for...

New York Insurance Broker Arrested, Charged in $1M Fraud Scheme

Jun 30 2020 // A New York state insurance broker has been arrested and charged with wire fraud, attempted wire fraud and aggravated identity theft and is facing a maximum penalty of 20 years in prison.U.S. Attorney James P. Kennedy Jr....

Florida Restaurant Fined More Than $314K for Stealing Tips, Wages

Jun 30 2020 // Federal officials say a Florida restaurant chain with six locations has been fined more than $314,500 for taking employee tips and wages. The U.S. Department of Labor reported Friday that the Vietnamese chain Pho 79...

Houston Pharmacist, Wife Sentenced in $21M Workers’ Comp Fraud Case

Jun 29 2020 // A Houston pharmacist has been sentenced to 10 years in prison in a $21 million workers’ compensation fraud case.George Philip Tompkins, 75, the self-proclaimed “Compound King” and former owner of Piney...

Prosecutors: Trying to Hide Healthcare Fraud, Texas Woman Burned $1.6M Home

Jun 29 2020 // A woman burned down her $1.6 million suburban Fort Worth mansion while trying to destroy documents from her husband’s health care clinic as authorities were investigating the couple for fraud, prosecutors allege.A...

Indiana Woman Gets 3-Year Sentence for $540K Theft from Employer

Jun 29 2020 // An Indianapolis woman has been sentenced to three years in federal prison after pleading guilty to stealing more than a half million dollars from a small business and using the money to buy jewelry and pay for trips to...

Guardrail Company Accused of Negligence, Fraud in Missouri Lawsuit

Jun 23 2020 // A Missouri commission is suing a company that makes guardrails, saying its equipment is defective.The Missouri Highways and Transportation Committee, a six-member board that governs the Missouri Department of...

Supreme Court Upholds But Curbs SEC’s Power to Force Ill-Gotten Gains in Fraud Cases

Jun 22 2020 // The U.S. Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection...

Florida’s Citizens Accuses Embattled Law Firm, Others of Sham Lawsuits, Racketeering

Jun 22 2020 // Florida’s state-run Citizens Property Insurance Corp. has joined a chorus of insurance companies accusing the Strems Law Firm of lawsuit abuse. Citizens says it has lost millions of dollars due to an alleged scheme...

AmTrust Exec Launches Commercial Crime Product for Businesses

Jun 22 2020 // AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses.The monoline commercial crime product...

Georgia Public Adjuster Accused of Stealing More than $550K

Jun 19 2020 // A public adjuster has been arrested by special agents in Georgia after allegedly stealing funds from consumers and a contractor and failing to show up for a hearing after two warrants were taken out on him.According to the...

Texas Man Sentenced to 78 Years in Prison for Arson, Insurance Fraud

Jun 16 2020 // A 52-year-old Groves, Texas, man has been sentenced to 78 years in federal prison for violations related to an arson and insurance fraud scheme, according to the U.S. Attorney’s Office for the Eastern District of...

Amid COVID-19, Cyber Criminals Push Phishing, Ransomware Scams

Jun 16 2020 // There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley’s Breach Response (BBR)...

Alaska Company Paying $1.3M in Fraud Case Involving Former Employee

Jun 15 2020 // A subsidiary of an Alaska Native corporation has agreed to pay $1.3 million in a deal with the U.S. Department of Justice over a fraud scheme allegedly involving a former employee.Manufacturing company Alutiiq...

New York Charges Drugmaker Endo with Insurance Fraud Over Opioid Claims

Jun 11 2020 // New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation’s opioid crisis.Governor...

Idaho Woman Sentenced for ‘Crash And Buy’ Insurance Fraud

Jun 4 2020 // Brittany N. Mars, an Ada County, Idaho, woman who fudged the time of accident in documents to her auto insurer, was sentenced this week for insurance fraud.Mars in February pleaded guilty to insurance fraud. Mars was...

Maine Believes Increase in Unemployment Claims Tied to Fraud

Jun 2 2020 // Another 24,500 individuals have filed initial claims for unemployment benefits last week – more than double the number of claims the previous week, the Maine Department of Labor said Thursday.The large number of...