A new artificial intelligence system can now help insurers and the police identify fake robbery claims. Developed by researchers from Cardiff University and the Charles III University of Madrid, the AI system “VeriPol” utilizes automatic text analysis and machine learning to identify false statements.

A clinic owner, a doctor and an attorney are among those charged in connection with a $1 million insurance scam, New York Attorney General Barbara D. Underwood has announced.

The holidays were fast approaching when the owner of a west suburban attorney referral service texted a Chicago police officer in December 2016 asking to step up the pace of their bribery scheme, according to federal authorities.

A Milton woman is charged with fraud/making a false insurance claim and theft by deception for trying to collect insurance by lying about a vehicle fire.

The man Twin Cities Community Hospital in Templeton hired earlier this year to be its chief nursing officer allegedly murdered his wife, a successful lawyer with a $1 million life insurance policy, in attempt to collect large sums of money that would allow him to continue living a luxurious lifestyle, which included expensive cars and multiple mistresses, according to a lawsuit filed this week in Florida.

An investigation by the state attorney general’s office has netted 60 arrests for insurance fraud, including 25 people from Western Pennsylvania.

Two years ago, a Vestal man allegedly faked a report about a diamond ring that had gone missing and received more than $28,000 for the insurance claim.

The fraudsters are seemingly remaining one step ahead of the good guys, and the financial services industry is perpetually a prime target.

Detroit Police officers funneled unofficial accident reports to personal injury lawyer Mike Morse during a scheme that cheated State Farm Automobile Insurance Co. out of at least $1 million, the insurer alleges.

EBay has filed a lawsuit against Amazon, accusing the US retail giant of using illegal tactics to recruit sellers.
It says Amazon representatives abused eBay’s internal email system to contact sellers - a violation of the marketplace’s policies.

Four Florida men were charged in a multistate telemedicine scheme that billed at least $931 million in fraudulent claims to private insurance companies, the Department of Justice said Monday.

A man who faked his own death to cheat on his insurance turned himself in when he discovered his wife had killed herself and their two young children because of his disappearance.

A bumbling Manhattan jeweler claims he lost two diamond rings worth a total of $1 million that he was supposed to re-size for a wealthy client — but prosecutors say he actually stole them.

There’s plenty of attention paid when a company like Target or Home Depot gets hacked. These major cyber breaches attract extensive media coverage, often creating the illusion that it’s only big businesses that are at risk of an attack. But that’s far from the case.

The Information is reporting today on Apple’s five-year struggle to tackle iPhone repair fraud. The scheme centres around crime gangs who were buying or stealing iPhones, removing valuable parts like CPUs and screens, and then claiming their devices were broken at Apple Stores and getting the Genius to replace them under warranty. The parts were then sold on.