The former owner of a Peabody construction company was sentenced today in connection with a scheme to defraud the IRS of payroll taxes and to defraud his workers’ compensation insurance carrier by failing to disclose how many workers he employed.
An insurance company was ordered to pay half a million dollars in settlement as a resolution for fraud allegations, according to the U.S. Attorney’s Office – Western District of Michigan.
Look closely … A trend is emerging. While we were all distracted, navigating the ever-shifting terrain of pandemic life, courts and legislatures moved forward with attempts to hinder fraud-fighting.
The story began with a 20-year-old Manitoban saying he’d fallen asleep at the wheel in a newer model Chevy Silverado, veering off the road and crashing into a few parked cars.
Insurance carriers have witnessed a dramatic increase in consumers’ acceptance of digital activity compared to the pre-pandemic levels of early 2020. We expect these accelerated levels are only going to increase.
What do space exploration and anti-fraud technology have in common? More than you might think. Great new technologies are influencing things once thought improbable, if not impossible.
Two gangs that enlisted trusted professionals to steal $100 million dollars from insurance companies were taken down Wednesday in what the feds are calling one of the biggest fraud busts in history.
Insurers have offered some level of digital capabilities for sales and service for years, but customers’ and distributors’ adoption has been slow. When the COVID-19 pandemic emerged, carriers had to evolve their digital offerings seemingly overnight. While this shift to digital improved customer experience, sped up service and policy issuance and cut costs, it also opened up opportunities for bad actors to commit financial and identity fraud.
Allegations don’t get much more despicable than the scheme Manhattan federal prosecutors laid out in an indictment and accompanying press release on Wednesday.
Federal prosecutors said Terrence Williams, who once played for the New Jersey Nets, had orchestrated a scheme that led to the filing of nearly $4 million in fraudulent medical claims.
A Houston businessman has been sentenced to two years in federal prison and ordered to pay more than $1.8 million in restitution – nearly five times the money he collected in an insurance fraud scheme.
Ten members of an auto theft and distribution operation were indicted for their roles in the theft and/or criminal possession of 45 vehicles during a six-month period and their roles related to the theft and resale of more than 225 vehicles throughout New York City and Westchester.
