All the headlines from our Fraud Topic Page, ordered by recency.
Feb 26 2018 // A father and son were sentenced in early February in a case involving insurance fraud perpetrated against Grinnell Mutual Reinsurance Co., the Iowa Insurance Division reported.Richard H. Hartman, age 69, of Manchester,...
Feb 23 2018 // The Chinese government on Friday seized control of Anbang Insurance Group Co. Ltd and said its chairman had been prosecuted, dramatically illustrating Beijing’s willingness to curtail big-spending conglomerates as it...
Feb 16 2018 // New York Department of Financial Services (DFS) has issued guidance reminding all virtual currency entities licensed by New York State, including those that hold a money transmitter license, that they are required to...
Feb 16 2018 // A Virginia woman has been sentenced to four years in prison for an identity fraud scheme that included publishing a fake death notice. The Daily Press reports 50-year-old Alexandra Hatcher also has to pay almost $203,000...
Feb 16 2018 // Maryland Attorney General Brian E. Frosh has announced that Jamar Marlyn Jones, of Edgewood, Md., pleaded guilty and was sentenced on one count of a felony theft scheme having a value of at least $10,000 but less than...
Feb 16 2018 // A Georgia insurance agent from Pierce County has been arrested and charged with 28 counts of insurance fraud, according to a statement from Georgia Insurance Commissioner Ralph Hudgens.Dana Larson Bowen, 52, of Blackshear,...
Feb 15 2018 // A former insurance agent in Bettendorf, Iowa, has been sentenced to five years’ supervised probation for insurance fraud, the Iowa Insurance Division reportedBillie J. Holmberg pleaded guilty in Scott County District...
Feb 15 2018 // Cyberattacks cost financial-services firms more to address than any other industry and the rate of breaches in the industry has tripled over the past five years, according to a report from Accenture and the Ponemon...
Feb 15 2018 // The National Insurance Crime Bureau (NICB) says today’s vehicles are loaded with expensive parts and technology that do more than increase the costs of repairs, even in minor accidents. The organization says those...
Feb 12 2018 // A $10,000 emerald has been reported missing from a North Carolina science museum, more than three weeks after it was last seen. The Asheville Citizen-Times reports that a representative from the Asheville Museum of Science...
Feb 9 2018 // Uber Technologies Inc. agreed to give about $245 million in stock to settle the high-stakes trade-secret theft lawsuit brought by Waymo, resolving a conflict that already cost the ride-hailing giant its top driverless car...
Feb 8 2018 // An Arizona man has been sentenced to 3 1/2 years in prison for selling fake insurance policies to commercial environmental businesses.Prosecutors say Brian McFarland must also pay full restitution of more than $450,000 to...
Feb 7 2018 // A Miami businessman accused of massive fraud involving foreign investors’ money in a Vermont ski area has agreed to pay back more than $81 million and give up ownership of two ski resorts, the Securities and Exchange...
Feb 7 2018 // For the calendar year 2017, Maryland Insurance Commissioner Al Redmer Jr. authorized civil orders and criminal charges totaling $466,261 in fines, penalties and restitution to 77 citizens charged with committing insurance...
Feb 6 2018 // Uber was either a cheating competitor willing to break the law to win the race to develop self-driving cars, or the victim of an unproven conspiracy theory stitched together by its main rival, Waymo, jurors heard in...
Feb 5 2018 // Organizations are being forced to deal with an increased threat to their operations from fraudulent instruction scams, according to specialist insurer Beazley’s most recent Breach Report.According to the insurer,...
Feb 2 2018 // Bitcoin’s popularity and the emergence of about 1,500 other digital coins or tokens have drawn more hackers into the red-hot cryptocurrency space, expanding opportunities for crime and fraud, cyber security firm...
Feb 1 2018 // Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than miss out on this volatile and loosely regulated, but rapidly growing...
Jan 26 2018 // A West Virginia man has been sentenced to one year and nine months in federal prison for filing false insurance claims totaling more than $354,000. Thirty-six-year-old Daniel Lichtman of Kearneysville was sentenced for...
Jan 22 2018 // An Oregon man has been charged with stealing deposits Connecticut homeowners had made for generators after Superstorm Sandy.The Stamford Advocate reports that 56-year-old John Mech, of Seaside, Oregon, took a $7,500...