Latest Fraud Headlines

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

Patisserie Holdings’ CFO Arrested as UK Fraud Office Probes Accounting Scandal

Oct 12 2018 // Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker’s 200-plus stores.The police in...

Cryptocurrency Theft Soars to $927 Million During 1st Nine Months of 2018: Report

Oct 12 2018 // Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from...

Woes of California Wildfire Victims Include Cleanup Crews, Fraud

Oct 11 2018 // One year after a devastating series of wildfires ripped through Northern California wine country, destroying thousands of homes, the U.S. Army Corps of Engineers’ first experience cleaning up after a wildfire has...

Stolen Apple IDs Used by Hackers to Steal Cash, Warn Chinese Digital Payments Firms

Oct 11 2018 // Ant Financial’s Alipay and Tencent Holdings Ltd. warned that cyber attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach...

Florida Activates Disaster Fraud Teams Ahead of Hurricane Michael

Oct 8 2018 // The Florida Department of Financial Services Disaster Fraud Action Strike Team (DFAST) has been activated ahead of what is expected to become Hurricane Michael and will be deployed in the affected areas to protect...

Florida Disaster Fraud Team Makes Arrest Over $30K in Fraudulent Irma Claims

Oct 5 2018 // A Palmetto Bay, Fla., man was arrested last month for allegedly defrauding Citizens Property Insurance Corp. of more than $30,000 relating to Hurricane Irma, according to a statement from Florida Chief Financial...

Florida Woman Arrested Over $50K Workers’ Comp Fraud Scheme

Oct 4 2018 // A Florida woman was arrested in August and charged with three felony counts of concealing payroll to avoid workers’ compensation premiums and two felony counts of application fraud, according to a statement from the...

Doctor’s Alleged Fraud Scheme Throws Medical Claims Review Process into Doubt

Oct 2 2018 // For years, Spyros Panos seemed like a successful orthopedic surgeon, seeing dozens of patients a day and bringing in millions of dollars in fees for his suburban New York medical group.In fact, he was inflating charges and...

$20K Worth of Tools Stolen from Rhode Island Habitat for Humanity Home

Oct 1 2018 // About $20,000 worth of tools has been stolen from a Habitat for Humanity home under construction in Rhode Island.The organization’s fundraising director says locks were broken on a construction trailer at the site in...

20 People Arrested in Florida in ‘Operation Hot Water’ Workers’ Comp Fraud Sting

Oct 1 2018 // Twenty individuals were arrested in Florida in a workers’ compensation insurance fraud sting operation involving unlicensed contractors in Pasco County in “Operation Hot Water,” according to a statement...

7 Red Flags to Spot Fraudulent Business Interruption Claims

Oct 1 2018 // Insurance is the safety net that protects individuals and companies in case of damage, theft, injury, illness or loss. Fire, floods, earthquakes, tornadoes and freak accidents can quickly decimate a thriving business. When...

Michigan Department of Insurance Gets New Fraud-Fighting Unit

Oct 1 2018 // The Michigan Department of Insurance and Financial Services (DIFS) will have more resources to fight insurance and financial services fraud after Gov. Scott Walker issued an executive order creating a new anti-fraud unit...

Court Rules Cryptocurrencies Fall Under Commodities Regulator

Sep 27 2018 // A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My...

Minnesota Charges Contractor with Workers’ Comp Fraud, Labor Trafficking

Sep 26 2018 // A Minnesota construction contractor has been charged with labor trafficking, insurance fraud and theft by swindle for using undocumented workers on his construction crews and threatening to have them deported unless they...

Police Say More Than $75K in Equipment Stolen from Connecticut Business

Sep 26 2018 // Police in Connecticut are searching for a suspect they say stole thousands of dollars’ worth of construction equipment from a business.WVIT-TV reports Watertown, Conn., police were called Monday when a business...

Ex-Bookkeeper for New York Tourism Agency Admits to $220K Theft

Sep 24 2018 // The former longtime bookkeeper for an upstate New York tourism agency has pleaded guilty to stealing more than $200,000 from the organization.Kathryn Price pleaded guilty to grand larceny and criminal tax fraud Wednesday...

Feds Say Maryland Man Stole Hurricane Victim’s IDs as Part of $8M Scam

Sep 20 2018 // A Maryland man is accused of stealing hurricane victim’s identities as part what the Secret Service describes as an $8 million effort to scam a Federal Emergency Management Agency program.News outlets reported...

Government Ends Criminal Case Over GM Handling of Ignition Switch Defect

Sep 20 2018 // A federal judge in New York on Wednesday dismissed a criminal case brought against General Motors Co. in 2015 over the largest U.S. automaker’s handling of an ignition-switch defect linked to 124 deaths.U.S. District...

Copper Thefts Knock 3 Arkansas Radio Stations Off Air

Sep 19 2018 // Three Jonesboro, Arkansas, radio stations are back on the air after copper thieves disrupted operations and damaged the transmitter building and a backup generator.The outages affecting East Arkansas Broadcasters stations...

Top 10 Stolen Vehicles: Older Models Most Vulnerable

Sep 18 2018 // Hondas that are 10 and 11-years old and even older Ford and Chevrolet pick-ups top the list of the most stolen vehicles in the U.S. in 2017.The National Insurance Crime Bureau (NICB) released its annual Hot Wheels report,...