Fraud News

Judge Freezes Alex Murdaugh’s Money as Lawsuits Grow

CHESTERFIELD, S.C. (AP) — A judge Tuesday ordered independent representatives to take over the finances of a prominent South Carolina lawyer whose wife and son were killed five months ago and has since found himself part of a half-dozen state …

Murdaugh Charged With Taking Insurance Money in Maid’s Death

COLUMBIA, S.C. (AP) — A prominent South Carolina lawyer has been charged with stealing insurance settlements meant for the sons of his late housekeeper, state police said Thursday. Alex Murdaugh was arrested at a drug rehab facility in Orlando, Florida, …

Wells Fargo Must Face Shareholder Fraud Claims Over its Recovery From Scandals

NEW YORK — A federal judge on Thursday rejected Wells Fargo & Co’s bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of customers. The fourth-largest U.S. …

Viewpoint: When Alarm Bells Ring – Warning Signs for Arson Fraud

Arson fraud continues to remain a significant issue for the insurance industry. Undetected, arson fraud results in claims being paid undeservingly to those deceiving the system designed to protect the honest and loyal customer. The financial consequences can ultimately raise …

Repair Shop Owner Pleads Guilty To Insurance Fraud Charges

WOBURN, Mass. (AP) — A man who used sledgehammers and mallets to further damage customers’ vehicles at the two auto body shops he owned in an effort to cheat insurance companies has pleaded guilty to dozens of charges, prosecutors said. …

D&O Insurer Ordered to Pay $12M in Dole Corp. Stockholder Flap

The Delaware Supreme Court ruled Wednesday that RSUI Indemnity Co. must pay $12,321,096 to Dole Corp. toward the cost of a legal settlement with former shareholders who alleged they were cheated out of potential profits when executives manipulated the stock …

Martin Shkreli Accused of Drug Monopoly Scheme by Insurer

A Blue Cross Blue Shield affiliate sued “Pharma Bro” Martin Shkreli, the pharmaceutical industry’s imprisoned enfant terrible, in a Manhattan federal court Thursday, alleging a scheme to monopolize the market for Daraprim, the “gold-standard treatment” for the parasitic infection toxoplasmosis. …

Insurers Question Claims Process in Boy Scouts Bankruptcy

DOVER, Del. (AP) — The judge presiding over the Boys Scout of America bankruptcy is weighing a request by insurance companies for permission to serve document requests on 1,400 people who have filed sexual abuse claims and to question scores …

Missouri Lawmaker Indicted For Stem Cell Fraud Scheme

SPRINGFIELD, Mo. — A federal grand jury has indicted a Missouri state legislator on fraud charges after she falsely promoted a treatment she was selling at medical clinics as containing stem cells that could treat various diseases, including COVID-19. The …

New Law Cracks Down on Shell Companies to Combat Corruption

MIAMI (AP) — For years as a federal prosecutor in New York, Daniel R. Alonso led teams that had to search through a maze of anonymously owned corporate entities to expose criminal activity. “It required all kinds of shoe-leather investigating …