JPMorgan Must Defend Elder Fraud Arbitration Claim from Widow
A federal judge ruled that JPMorgan must face arbitration over claims it failed to prevent a widow’s son from stealing $8.4 million from her bank accounts after her husband’s death.
August 20
Fraud
Legislation & Regulation
Litigation
Risk Management
California
Florida
Massachusetts
New York
North Carolina Resident Charged with 54 Felonies in $1.8 Million Travel Insurance Fraud Case
A North Carolina resident allegedly forged medical and travel documents to defraud insurers of nearly $1 million and attempted to steal close to another $900K between 2020 and 2024.
August 18
Fraud
Insurance Industry
Litigation
Property
North Carolina
Father and Son Found Guilty of Arson and Insurance Fraud in Michigan Restaurant Fire
A jury convicted the co-owners of Charlie’s Family Grill of arson and insurance fraud after fires destroyed their White Cloud restaurant and garage in early 2023.
August 14
Fraud
Insurance Industry
Litigation
Property
Michigan
Fake Slip and Fall on Banana Peel at Goodwill Leads to Insurance Fraud Charge
A staged fall in a Goodwill parking lot, falsely blamed on a banana peel and later a broken lighter, has led to an insurance fraud charge following a months-long investigation.
August 14
Fraud
Insurance Industry
Litigation
Property
Weird
Connecticut
Aon Sued Over Alleged Fraud in Vesttoo Credit Insurance Dealings
A creditor trust for bankrupt AI firm Vesttoo has sued Aon, claiming the broker committed fraud while promoting credit insurance linked to a failed funding scheme.
August 14
Fraud
Insurance Industry
Litigation
Risk Management
Historic Oregon Hotel in Foreclosure After Owners Report Major Fraud Losses
The century-old Prospect Hotel near Crater Lake closed after alleged embezzlement by a trusted associate left owners facing lawsuits, loan defaults, and bank garnishment.
August 11
Fraud
Insurance Industry
Litigation
Property
Oregon
Former Insurance Agent Charged in $250K Life Insurance Scam Targeting Multiple States
A former Connecticut insurance agent allegedly defrauded nine victims across multiple states through fake policies, forged documents, and impersonated professionals.
August 5
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Connecticut
New Hampshire
Fraud Strikes Over One-Third of Americans Impacted by Natural Disasters, AICPA Survey Reveals
A new AICPA survey finds 37% of Americans impacted by natural disasters experienced fraud, with identity theft and contractor scams among the top reported schemes.
August 5
Catastrophe
Fraud
Insurance Industry
Risk Management
Florida Insurance Agent Sentenced for Premium Theft and Civil Misconduct
A former Florida insurance agent is now behind bars after stealing client premiums and facing multiple lawsuits, including a major Hurricane Ian-related judgment.
August 5
Fraud
Insurance Industry
Litigation
Property
Florida
Former Insurance Agent Accused of Defrauding Clients in Fake Marijuana Investment Scheme
A former insurance agent in California has been charged with stealing over $1.8 million from clients in a fraudulent cannabis investment scheme called ‘House of Green.’
August 1
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
GEICO Takes Legal Action Against Brooklyn Pharmacy for $3.5 Million in Alleged No-Fault Insurance Fraud
GEICO alleges a Brooklyn pharmacy exploited New York’s No-Fault system by billing over $3.5 million for medically unnecessary pain creams and violating a prior court injunction.
July 25
Auto
Fraud
Insurance Industry
Litigation
New York
NYC Taxis Use Surveillance Technology to Fight Back Against Insurance Fraud
With taxi fraud costing NYC $1 billion annually, a new initiative is equipping cabs with surveillance cameras to deter scams and lower costs for drivers and insurers.
July 25
Auto
Fraud
Insurance Industry
Technology
California
New York
Mother and Son Sentenced to Prison for $150K Inmate Unemployment Fraud Scheme
A Modesto man and his mother from Turlock were sentenced for using prison inmates’ identities to steal over $150,000 in fraudulent pandemic unemployment claims.
July 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Former Insurance Executive Admits Role in Fraud That Led to Collapse of Two Companies
Jasbir Thandi admitted to falsifying financial records and misappropriating funds, resulting in over $20 million in losses and the failure of two insurance carriers.
July 21
Fraud
Insurance Industry
Legislation & Regulation
Litigation
California
Texas
Vermont
Former Kentucky Warehouse Manager Agrees to Pay $16M in Crop Insurance Fraud Case
A former tobacco warehouse manager in Danville, Kentucky, admitted to helping farmers file fake crop insurance claims and now owes at least $16 million in restitution.
July 21
Fraud
Insurance Industry
Litigation
Property
Kentucky
