Louisiana Insurance Commissioner Tim Temple said his office will continue to pursue an insurance fraud case despite a Friday ruling…
Insurance & Financial Fraud
North Carolina Insurance Commissioner Mike Causey today announced the arrest of Joshua Hall, 42, of 2001 Woodtop Court, Charlotte. Hall…
Lindberg request for residential detention hit by prosecutors
Prosecutors push back on a request by convicted fraudster Greg Lindberg to serve time in a halfway house near his home.
Where does Greg Lindberg rank among all-time life insurance fraudsters?
Now that cases against Greg Lindberg are nearing a close and only prison awaits, where does his rank among the all-time life insurance scandals?
Greg Lindberg changes course, pleads guilty to $2 billion fraud
Troubled financier and onetime Bankers Life Insurance Co. owner Greg Lindberg pleaded guilty Tuesday to engineering a $2 billion fraud.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for October. The actions are…
North Carolina Insurance Commissioner Mike Causey announced the arrests of Allen Ray Gowans and Natasha Die’t Jones as result of…
Iowa Insurance Commissioner Doug Ommen was appointed the receiver of Beckstone Partners, LLC (Beckstone), DesFined, LLC (DesFined), East King Management,…
The office of the U.S. Attorney for the District of Massachusetts issued the following news release on July 12, 2024:. Five Massachusetts residents and one New York resident have been charged in connection with a scheme to defraud various health insurance companies by submitting fabricated claims seeking reimbursement for over $1 million worth of bogus…
ST. LOUIS— A doctor, his partner and a front desk receptionist have been indicted in U.S. District Court on charges of health care fraud and illegally prescribing controlled substances. The alleged goal of the conspiracy was to create higher profit margins by billing insurance companies for prescriptions given for“ no legitimate medical purpose,” from at least…
Rishi Shah, the Indian-American cofounder of Outcome Health, has been sentenced to seven and a half years in prison. This sentence comes after his involvement in a $1 billion fraud scheme that affected major investors like Goldman Sachs, Google’s parent company Alphabet, and Illinois Governor JB Pritzker’s venture capital firm.
The legal representatives for both parties in the SEC vs. Kraken lawsuits laid out their arguments on whether digital assets on the Kraken crypto exchange fall within the class of securities or not. In their motion, Kraken counsel reproved the legal theory that the exchange operates as an ecosystem for crypto asset securities, thereby pushing…
Zachary James Flaherty, 48, of Clive, Iowa, was sentenced on June 12 to 222 months (18.5 years) in prison after…
A New Jersey man who orchestrated a 13- year long, $60 million no-fault automobile insurance scam in New York has been sentenced to 10 years in prison. Through bribery and manipulation, Pierre callously exploited the system, denying accident victims the rightful care they deserved, "commented Damian Williams, the U.S. Attorney for the Southern District of New…
Lamor Whitehead, the politically connected "Bling Bishop" of Brooklyn who was convicted on a slate of fraud charges in March, is pleading for his release from the borough "s infamous Metropolitan Detention Center, where his lawyer alleges he has been deprived of food and kept in a near-constant lockdown due to a gun recently being found in another inmate" s cell.
A Bozeman attorney was charged last week in connection to the alleged operation of a Ponzi scheme and the defrauding of investors and farmers of more than $6 million via a Texas- based CBD isolate start-up. Michael Rabb of the Rabb Law Firm and three others, including Byron Gruber— who previously practiced law in Gallatin County— were charged with six felonies…
A Sacramento man and co-owner of a Newport Beach investment firm found to have helped bilk victims out of millions of dollars through bogus real estate deals was sentenced to five years of probation on Tuesday, June 4. Louis Zimmerle, 64, pleaded guilty last October to one count of wire fraud for his part in what federal investigators said was a $13.8 million…
Hopes were high in Lincoln County and other Montana locales when a Texas hemp processing facility came to the state five years ago with big promises of new jobs and big money for investors. According to a press release from the state, the Commissioner of Securities Insurance and Gallatin County Attorney charged Michael Rabb and Byron Gruber, Jason Bradley…
A barred investment broker from Glen Cove pleaded guilty to grand larceny and other fraud charges on Feb. 9th after defrauding investors with a half-million dollar stock scheme, deceiving them to believe they were purchasing pre-IPO stock for well-known companies, according to the Nassau County District Attorney's Office. Peter Quartararo, 57, pleaded…
