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Attorneys Flag Hundreds Of Fraudulent Claims In Miami Condo Collapse Settlement

Attorneys Flag Hundreds Of Fraudulent Claims In Miami Condo Collapse Settlement

The attorneys handling a $1.1 billion settlement for victims in the deadly collapse of a Miami condo say the settlement fund is inundated with fraudulent victims. A court filing written by Michael Goldberg, one of the attorneys in the case, identified 458 'presumptively fraudulent' claimants out of 740 claims.
August 11, 2022 Fraud Florida

Judge Rejects Part Of Boy Scouts’ Bankruptcy Related To Sex Abuse Claims

Judge Rejects Part Of Boy Scouts’ Bankruptcy Related To Sex Abuse Claims

A Delaware bankruptcy judge has approved parts of the Boy Scouts of America's reorganization plan but rejected other provisions, saying in a recent ruling that the organization has 'decisions to make.' One part Judge Laurie Selber Silverstein refused to approve was $250 million coming from The Church of Jesus Christ of Latter-day Saints to help settle claims alleging child sexual abuse by Scout leaders.
August 4, 2022 Fraud Liability Litigation Delaware

Anti-Fraud Measures Don’t Work As Well As You Think

Anti-Fraud Measures Don’t Work As Well As You Think

Faced with increasing competition, insurance providers are adding new products and offering better deals to take a slice of the $200 billion in revenue opportunity. Yet, providing an experience that meets the needs of today's customers can prove challenging, especially when it comes to seamlessly authenticating customers.
July 26, 2022 Fraud

Do We Really Need Email? Did We Ever?

Do We Really Need Email? Did We Ever?

The human accomplishments that happened before the widespread use of email are numerous. To name just a few: Pizza was invented. Mozart wrote symphonies. People built spacecraft, flew them to the moon and walked on the lunar surface.
July 21, 2022 Fraud Risk Management

Hackers Impersonate Cybersecurity Firms In Callback Phishing Attacks

Hackers Impersonate Cybersecurity Firms In Callback Phishing Attacks

Hackers are impersonating well-known cybersecurity companies, such as CrowdStrike, in callback phishing emails to gain initial access to corporate networks.
July 21, 2022 Fraud

Mercury Unearths Fraudulent Smoke And Ash Damage Claims

Mercury Unearths Fraudulent Smoke And Ash Damage Claims

Mercury Insurance's special investigations unit has discovered fraudulent claims reported for smoke and ash damage all filed by the same public adjuster.
July 19, 2022 Fraud Property

Minnesota Farmer Is Accused Of Making $46M By Falsely Selling Crops As Organic

Minnesota Farmer Is Accused Of Making $46M By Falsely Selling Crops As Organic

A Minnesota farmer is accused of making $46 million by passing off chemically treated corn and soybeans as organically grown.
July 13, 2022 Fraud

Social Engineering Attack Used To Hack Marriott Hotel Chain

Social Engineering Attack Used To Hack Marriott Hotel Chain

Marriott International confirmed Tuesday that unknown criminal hackers broke into its computer networks and then attempted to extort the company, marking the latest in a string of successful cyberattacks against one of the world's biggest hotel chains.
July 8, 2022 Fraud

Massive Insurance Fraudster Hit With New State Grand Jury Indictments

Massive Insurance Fraudster Hit With New State Grand Jury Indictments

New South Carolina grand jury indictments have been filed against controversial insurance fraud attorney Alex Murdaugh and his alleged accomplice Curtis Eddie Smith. Murdaugh, 54, is currently in jail on a $7 million bond following more than 70 criminal charges including embezzlement, breach of trust, fraudulent intent, money laundering, computer crimes, and forgery.
July 1, 2022 Fraud South Carolina

 Social Media Posts Reveal Bodybuilding Disability Claimant

Social Media Posts Reveal Bodybuilding Disability Claimant

A former electrician who was claiming benefits for a 2013 injury evidently forgot the internet era's first rule of disability fraud -- don't let anyone post anything about you on social media ever.
June 24, 2022 Fraud Workers' Compensation New York

Survey Reveals Massive US Identity Theft Scam Trend This Year

Survey Reveals Massive US Identity Theft Scam Trend This Year

Americans are experiencing far more attempts to be scammed this year than in previous years, according to the first quarter report from Allstate Identity Protection (AIP). The spam people are receiving is coming from many different directions such as texts and calls.
June 23, 2022 Fraud

Coping With Inside And Outsider Fraud

Coping With Inside And Outsider Fraud

While fraud has existed for as long as there have been companies, when changes occur in how an organization operates, new doors open for people inside and outside an organization to steal. Recent macroeconomic events involving supply chain slowdowns, flexible work arrangements and rising inflation have paved the way for a possible uptick in such crimes.
June 15, 2022 Fraud

The Battle Against Deepfake Threats

The Battle Against Deepfake Threats

Some good news on the deepfake front: Computer scientists at the University of California have been able to detect manipulated facial expressions in deepfake videos with higher accuracy than current state-of-the-art methods.
June 1, 2022 Fraud Technology

Lawsuit Alleges Department Of Insurance Stalled Enforcement To Help Louisiana Commissioner’s Campaign

Lawsuit Alleges Department Of Insurance Stalled Enforcement To Help Louisiana Commissioner’s Campaign

As a fraud investigator prepared to revoke the license of a Lafayette insurance agent and fine her $10,000, there was one final step before taking action: getting approval from Louisiana Insurance Commissioner Jim Donelon.
May 31, 2022 Fraud Insurance Industry Louisiana

Florida Legislators To Focus On Roof Claims, Litigation And Reinsurance During Special Session

Florida Legislators To Focus On Roof Claims, Litigation And Reinsurance During Special Session

Heading into a special session to address the state's troubled property-insurance market, legislative leaders said late Friday they will focus on issues such as roof-damage claims, litigation and reinsurance.
May 23, 2022 Fraud Legislation & Regulation Litigation Property Florida
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