Fraud News

Fraud News Around the Nation

Former Postal Worker Faces 5 Year Prison Term for Working as a Personal Trainer While Receiving Workers’ Comp Less than one week before her trial was scheduled to begin in federal court in Dallas, a Grand Prairie, Texas, woman, Andria …

Fraud News Around the Nation

Massachusetts Police Sergeant Gets Jail Term in Insurance Fraud Scheme Massachusetts police sergeant has been sentenced to serve half a year in a county jail after he was convicted of lying about an on-duty accident and accepting insurance money for …

Feds Charged 6 Minnesota Chiropractors in Auto Insurance Fraud Scheme

Six Minneapolis-area chiropractors are among 21 people charged with conspiracy to commit health care fraud in what federal authorities described Wednesday as separate schemes that defrauded auto insurance companies out of more than $20 million. More charges against more chiropractors …

Pennsylvania School Transit Company, Owner Charged With Insurance Fraud

A school transit contractor with a $2.4 million contract to provide rides to some Pittsburgh, Pa., charter school students has been charged with failing to properly insure some vehicles and hiring drivers with criminal records by ignoring state-mandated background checks. …

Another Sentencing in Indiana Home Blast Insurance Fraud

A woman who was one of five people charged in a deadly Indianapolis, Ind., house explosion faces the possibility of up to 50 years in prison when she’s sentenced Tuesday. A Marion County judge heard victim-impact testimony Monday during the …

Ex-Nanny for Penguins Player Gets 5 Year Sentence for Arson, Insurance Fraud

The former nanny of Pittsburgh Penguins player Chris Kunitz was sentenced Tuesday to five years in federal prison for setting fire to her rental residence and then filing fraudulent insurance claims for the contents. The public defender for Andrea Forsythe, …

Why Analyzing Unstructured Data Benefits Every Claims Manager

If you’re just catching on to the fact that big data is shaking up the insurance industry in a big way, you’re a bit behind the curve. Across all industries, almost 90 percent of large companies say big data is …

As Insurance Fraud Surges, Insurers Fight Back by Automating Detection

Insurance fraud is rising and more insurers are responding forcefully by automating investigations with skilled technology, according to a study of insurer technology usage by the Coalition Against Insurance Fraud. More than 60 percent of insurers say fraud has climbed …

iovation Predicts New EMV Chip Cards Will Lead to Increase in Online Holiday Fraud

Iovation, a provider of device intelligence for authentication and fraud prevention, is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past …

Using Graph Analysis to Root Out Complex Fraud Rings

A new form of predictive analytics offers the ability to detect fraud committed by a group or ring in real time. According to Philip Rathle, vice president of products for California-based Neo4j, graph analysis dates back to 2000, when the …