conspiracy News

Alleged Leader of Extortion Crew Wants out of Jail to Prepare for Speedy Trial

The alleged leader of a gangland extortion ring that took control of the New York City fire restoration industry can be heard on recordings threatening to kill competitors and ordering an attack on a rival firm’s employee, federal prosecutors say …

Allianz to Pay $6B in US Fraud Case, Fund Manager Charged

Germany’s Allianz agreed to pay more than $6 billion and its US asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. …

Three Sentenced in Big Insurance Fraud Scheme to Stage Crashes

NEW ORLEANS (AP) — Three Louisiana women have been ordered to repay a total of $5.5 million to companies defrauded in a scheme to stage wrecks. Keishira Richardson, 27, Chandrika Brown, 31, and Aisha Thompson, 44, are among 36 people …

Billionaire Sues Rape Accuser and Law Firm, Alleging Defamation and Racketeering

NEW YORK — Billionaire investor Leon Black has escalated his battle against a former model who accused him of rape, filing a lawsuit on Thursday accusing her and her law firm of defamation and racketeering conspiracy. In the complaint, lawyers …

Attorneys, Physicians Charged in $31M Trip-and-Fall Fraud Scheme

Two attorneys and two doctors are charged in a $31 million insurance fraud scheme where plaintiffs were allegedly recruited from New York City homeless shelters to stage accidents at locations with identified trip hazards, federal prosecutors say. The conspirators left …

4 Charged in Allegedly Staged Crash Settled for $4.7M

NEW ORLEANS — Four people have been charged in what prosecutors say was a staged wreck that was settled for $4.7 million. The indictment brought the total to 32 people accused of faking accidents with tractor-trailers to get insurance money, …

Russian Man Offered Worker $1M to Sow Malware in Nevada

LAS VEGAS — A Russian citizen has been arrested and charged with offering an employee of a Nevada company $1 million to sow malware for an attack to harvest company data for ransom, U.S. authorities said Tuesday. Egor Igorevich Kriuchkov, …

Court Says Insurance Doesn’t Cover Attacker in School Fight

DOVER, Del. — Delaware’s Supreme Court has overturned a judge’s ruling that an insurance company must extend liability coverage to a teenager who was convicted of criminally negligent homicide after a school bathroom attack that left a 16-year-old girl dead. …

Another Kentucky Farmer Admits Crop Insurance Fraud

LEXINGTON, Ky. — Another Central Kentucky farmer has pleaded guilty in a crop insurance fraud scheme that a federal prosecutor has called “pervasive and severe” in that region. Daniel Arvin pleaded guilty on Dec. 19 in federal court in Lexington …

Malware Broker Behind U.S. Hacks is Now Teaching Computer Skills in China

LONDON/SHANGHAI — A Chinese malware broker who was sentenced in the United States this year for dealing in malicious software linked to major hacks is back at his old workplace: teaching high-school computer courses, including one on internet security. Yu …