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Insurance & Financial Fraud

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Former Connecticut investment advisor indicted for fraud in $3.3M 'free-riding' scheme, feds say

March 4, 2026

Mar. 3— BRIDGEPORT— A former Connecticut broker and investment advisor has been indicted for defrauding three financial services companies of more than $3.3 million, federal prosecutors said. Andrew M. Komarow, 36, of Avon, has been charged with 10 counts of wire fraud and one count of securities fraud in connection with the alleged scheme, according to David…

Structured Note Investors Recover $1.28M FINRA Award Against Fidelity

March 4, 2026

Haselkorn& Thibaut wins $1.28 M FINRA award against Fidelity over structured note losses, intensifying its investigation into Vora Wealth Management strategies. PALM BEACH, FL, UNITED STATES, March 3, 2026/ EINPresswire.com/– Haselkorn& Thibaut, a national investment fraud law firm, has announced a FINRA arbitration award totaling over $1.28 million in…

Wisconsin releases enforcement actions for February

March 3, 2026

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for February. The actions are…

SEC Obtains Final Consent Judgment as to Senior Executive of Brazilian Company Charged With Fraud

February 27, 2026

The Securities and Exchange Commission announced today the entry of a final consent judgment as to Fernando Passos in the SEC's civil enforcement action that charged Passos, the former executive vice president of finance and investor relations of Brazilian reinsurance company IRB Brasil Resseguros S.A., for allegedly planting a false story with the media…

February 20, 2026
Image shows a football and the words, "Medicare Fraud."
Authorities say a former NFL player defrauded Medicare out of nearly $200 million by selling patient information and sham doctors’ orders for orthotic braces that patients did not want or need.

Former NFL player convicted in nearly $200M Medicare fraud scheme

Joel Rufus French sold patient information and sham doctors’ orders for orthotic braces that patients did not want or need.

Trump Sues JP Morgan For ‘Nice Bank You Got There, Be A Shame If Something Happened To It’

January 26, 2026

JAMIE DIMON, COME ON DOWN! Trump announced the litigation 10 days ago on Truth Social, insisting that he would never consider a loser like Dimon, the CEO of JP Morgan Chase, to lead the Fed or Treasury. And yesterday he actually filed the thing in local court in Miami-Dade.

"Commercial defamation." Trump sued JP Morgan for its "progressive beliefs" and demanded millions in compensation.

January 23, 2026

US President Donald Trump has filed a multimillion-dollar lawsuit against Wall Street’s largest bank, JP Morgan Chase, and its CEO, Jamie Dimon. The lawsuit against JP Morgan. The lawsuit alleges that JP Morgan included Trump, members of his family, and several of his companies on an alleged internal "blacklist.

Wisconsin releases enforcement actions for December

January 8, 2026

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for December. The actions are…

January 7, 2026
Illustration showing two hands casting a web of abuse on a person.

From ‘Frankenstein’ plans to annuities: Regulators warn of rising insurance abuse

Insurance fraud costs consumers over $308 billion annually. How can insurance professionals and consumers identify financial abuse?

SEC Obtains Final Judgment Against Principals of Subprime Automobile Finance Company Charged With Fraud

December 8, 2025

On December 3, 2025, the Securities and Exchange Commission obtained final judgment against James R. Collins and Robert F. DiMeo, two former executives of a subprime automobile finance company, whom the SEC previously charged with misleading investors about the subprime automobile loans that backed the company's $100 million securities offering.

Wisconsin releases enforcement actions for November

December 3, 2025

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for November. The actions are…

Alleged Epstein survivor sues Charlotte-based Bank of America for sex trafficking

November 12, 2025

An alleged victim of convicted sex offender Jeffrey Epstein is suing Charlotte- based Bank of America and another bank in New York claiming they financially supported his sex trafficking operations for years. The suits are brought under the Trafficking Victims Protection Act, federal anti-sex trafficking statutes, and common-law tort claims under New…

Wisconsin releases enforcement actions for October

November 6, 2025

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for October. The actions are…

Another mobile home park sued for 'deadly' conditions

October 23, 2025

Arizona Attorney General Kris Mayes is suing another manufactured home park and its owners in her latest effort to bring accountability to an industry that has long had little concrete oversight. Mayes filed a consumer fraud lawsuit against Palo Verde Mobile Home Park, LLC; Landon Asset Management, LLC, the owner of 18 homes at the park; and Landon Management…

October 22, 2025

Ballad Health Sues UnitedHealth Group Alleging Medicare Advantage Manipulation, Harm To Rural Patients

Ballad Health has filed a federal lawsuit in Greeneville against UnitedHealth Group, one of the nation's largest health insurers, a Ballad news release issued Tuesday morning stated. "Through the suit, Ballad Health aims to protect patients, physicians and hospitals across the Appalachian Highlands," the news release stated. "Ballad Health has worked in good…

Humana loses 2nd legal challenge to Medicare Advantage star ratings

October 15, 2025

Humana has lost a second lawsuit aiming to challenge the star ratings in Medicare Advantage.

Attorneys allege Tampa bank is complicit in missing $100 million fraud scheme

October 13, 2025

Leo Govoni, 67, and his accountant John Witeck, 60, were indicted in June for a wire fraud, mail fraud, and money laundering scheme that spanned 15 years. According a complaint filed Thursday, the Center for Special Needs Trust Administration funneled stolen money through an elaborate network of accounts held at American Momentum Bank. The center deposited…

Wisconsin releases enforcement actions for September

October 3, 2025

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for September. The actions are…

DEFENDANT CHARGED IN PONZI SCHEME TARGETING HARVARD BUSINESS SCHOOL CLASSMATES

September 19, 2025

United States Attorney for the Southern District of New York, Jay Clayton, and Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation, Christopher G. Raia, announced today the unsealing of an Indictment charging VLADIMIR ARTAMONOV with securities fraud, investment adviser fraud, and wire fraud. ARTAMONOV was arrested…

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