Former insurance agent Blanca Lidia Guzman, 40, of Palmdale, was sentenced in Los Angeles County Superior Court last week on…
Read moreLouisiana Insurance Commissioner Jim Donelon placed financially troubled homeowners insurance company Americas Insurance Company into receivership last week in the…
One claim filed with California’s Employment Development Department was in the name of someone claiming to be a “children’s zoo caretaker” in Sacramento who earned $124,000 until being laid off because of COVID-19.
In a lawsuit filed this month against Chicago Title, the receiver in the Gina Champion- Cain Ponzi scheme case accused the insurance company of helping carry out "brazen acts of fraud" that ultimately cost investors more than $180 million. Receiver Krista Freitag's lawsuit was filed in state court after U.S. District Court Judge Larry Burns last month granted…
Tammy Felicia Flythe, 42, was charged with insurance fraud and attempting to obtain property by false pretense, both felonies.
Life Insurance and Annuities Committee Chair: Judith L. French, Director, Ohio Department of Insurance Vice Chair: Carter Lawrence, Commissioner, Tennessee Department of Commerce and Insurance. Health Insurance and Managed Care Committee Chair: Glen Mulready, Commissioner, Oklahoma Insurance Department Co-Vice Chair: Troy Downing, Commissioner, Office of…
A Norfolk County grand jury in December indicted Nicole Kasimatis, 47, on one charge of filing a false health care claim and one charge of larceny over $250 by a single scheme, according to court documents. During her arraignment in that case, Judge Douglas Wilkins set her bail at $1 million with a $100,000 cash surety, according to court records..
Prosecutors believe Sargent used nonpublic information to earn~ $110,000 in Chegg Inc. stock sales based on details they say he learned from college friend and Chegg manager, Christopher Klundt. Though Sargent left the company, Klundt stayed and StudyBlue was bought by Chegg in 2018. Klundt called Sargent, who immediately bought nearly 300 shares of Chegg…
But while David Schottenstein admitted to conspiracy to commit securities fraud with Thursday’ s guilty plea in Boston federal court, attorneys for two others facing the same charge as well as aiding and abetting securities fraud say they’ re fighting. On the civil side, the Securities and Exchange Commission filed a complaint against Schottenstein,…
To settle a lawsuit filed against him by the U.S. Securities and Exchange Commission, Anthony Cottone agreed to repay any ill-gotten gains and promised not to violate securities laws in the future, according to papers filed Tuesday in U.S. District Court in West Palm Beach. Botanica Group Holdings, which Cottone operated through his Boca Raton- based Retirement…
Jan. 10— FORT WORTH— Since the arrival of the omicron variant, an increased demand for testing has led to scams popping up across North Texas. These scammers collect credit card information, Social Security numbers, dates of birth and heath insurance or Medicare information. Thirty-five COVID-19-related scams have been reported in the Fort Worth area, according…
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for December. The actions are…
The Department of Labor& Industry has detected an escalation in fraudsters' attempts to steal unemployment compensation benefits through increasingly aggressive and sophisticated schemes. An examination is under way to determine the source of these attacks and the precise methods fraudsters are using to intercept legitimate UC payments, according to…
The Pennsylvania Department of Labor and Industry issued the following news:. The Department of Labor& Industry has detected an escalation in fraudsters' attempts to steal unemployment compensation benefits through increasingly aggressive and sophisticated schemes. "Since the beginning of the COVID-19 crisis, foreign and domestic fraudsters have been…
RALEIGH— North Carolina Insurance Commissioner Mike Causey today announced that Timira Chiquita Glaspy, 31, of 4440 Merlane Drive, Charlotte, and Dandre Lamar Morrison, 33, of 4433 Knollcrest Drive, Charlotte, were both charged with insurance fraud, a felony, and misdemeanor making false statements on applications for insurance. Special agents with the…
Regulators were busy in 2021 and annuity sales remained a prime target.
Walter Malet, 32, was sentenced to three years in prison for his part in defrauding his former employer, Security First Insurance Co., dating to August 2018.
HAMPTON ROADS, Va.- The Eastern District of Virginia is taking action against COVID-19 related fraud, including schemes targeting the Paycheck Protection Program, Economic Injury Disaster Loan program and Unemployment Insurance programs. The cases involve attempts to defraud more than $105 million from the United States government and private officials.
LITTLE ROCK— Empower Healthcare Solutions, a managed care organization that serves roughly 20,000 high-need Medicaid beneficiaries in Arkansas, is under investigation by state regulators and the attorney general's office for allegedly defrauding Medicaid. In a letter sent to the state's Office of Medicaid Inspector General, Deputy Attorney General…
Alfredo Casas, 62, allegedly underreported payroll for his farm labor contracting business by over $1 million, resulting in a substantial loss to two insurance companies.
Marketer Steve Mehr was charged with multiple insurance fraud schemes from 2011 to 2016. However, the District Attorney's Office dismissed the charges this week because important evidence was no longer available, spokeswoman Kimberly Edds said. Marshall Camp, Mehr's attorney said the fraud charges should never have been filed.
The Wisconsin Office of the Commissioner of Insurance this week announced administrative actions it has taken against individuals and businesses….
The U.S. Department of Labor's Employee Benefits Security Administration issued the following news release:. The U.S. Department of Labor's Employee Benefits Security Administration found that- between November 2015 and December 2018- Gary Green of Louisville participated in a fraudulent scheme to bill Anthem and other healthcare benefit programs for…
The state attorney general's office charged a Maryland woman in the theft of more than $398,000 from a Houston man's retirement account. Adedeji is alleged to have contacted Ameritas in February and provided enough personal information to unlock the account and change the email address and password, according to court documents. In March, Ameritas received…
A 20- year-old Winston-Salem woman has been indicted on charges that she filed false claims with two different insurance company, with one paying out more than $20,000 for a kitchen fire that never happened. Indictments allege that between Nov. 26, 2020, and June 15, 2021, Edwards filed a false claim that there was a kitchen fire at her apartment on Winster Drive.
The U.S. Attorney for the Western District of Washington, Nick Brown, issued the following news release:. A former Netflix software engineer, and his best friend and co-conspirator were sentenced today in U.S. District Court in Seattle for securities fraud for their roles in an insider trading ring that generated more than $3 million in illegal proceeds,…
A month-long jury trial focusing on a pharmacy fraud scheme held in U.S. District Court in Greeneville ended Thursday with the conviction of 44- year-old Florida man Peter Bolos of conspiracy to commit health care fraud, 22 counts of mail fraud, and felony misbranding of a medication. Court documents and evidence presented at trial show that Bolos, Andrew Assad,…
The Consumer Financial Protection Bureau (CFPB) published research this week on overdraft fees illustrating how reliant banks are on overdraft…
Empower Healthcare Solutions, a managed care organization that serves roughly 20,000 high-need Medicaid beneficiaries in Arkansas, is under investigation by state regulators and the attorney general's office for allegedly defrauding Medicaid. In a letter sent to the state's Office of Medicaid Inspector General on Tuesday, Deputy Attorney General…
BOSTON– An Ipswich man who owned and operated numerous Massachusetts businesses pleaded guilty today in connection with charges that he manipulated his payroll to avoid paying taxes. George Vasiliades, 58, pleaded guilty to 17 counts of failure to collect, account for and pay over federal employment taxes; 17 counts of aiding and assisting the filing of false…
A Louisiana man was sentenced to 30 months in prison in the Southern District of Mississippi for his role in a multimillion-dollar scheme to defraud TRICARE and private insurance companies.
William Dowell Crumbley, 46, of Barnesville, is currently being held in the Lamar County Jail. Crumbley's arrest comes after Insurance and Safety Fire Commissioner John F. King announced a warrant had been issued for Crumbley's arrest. According to King, Crumbley reportedly filed a fraudulent stolen vehicle claim with his insurance company on March 7, telling…
Speaking last month at the American Law Institute Continuing Legal Education 2021 Conference, Commissioner Allison Herron Lee told life insurance company lawyers that variable annuity issuers will have to comply with the SEC’s Regulation Best Interest.
Tanya A. Schettler, 48, of West Des Moines, Iowa, was recently charged with one count of Insurance Fraud – Presenting…
The office of the U.S. Attorney for Central District of California issued the following news release on Nov. 29, 2021:. Mark A. Loman, 60, of Hermosa Beach, was sentenced by United States District Judge Dale S. Fischer, who said Loman had "betrayed his employer and the market" and had been motivated by greed. Judge Fisher also ordered Loman to pay a $600,000 fine.
The U.S. Attorney's Office, the Department of Justice, the Inspector General's Office of the Department of Health and Human Services and Illinois State Police Medicaid Fraud Control Unit were involved in the investigation. Attorney John Hoelzer and Department of Justice senior trial counsel Laurie Oberembt represented the government during the…
Los Angeles residents Victor Valle-Diaz, 55, Eduardo Retana, 25, and Ausencio Gomez, 46, were sentenced to serve in state prison…
About $24 million of the settlement will return to New Mexico public employee pension funds, according to state Attorney General Hector Balderas, who announced the settlement Monday. The suit was filed June 30 in U.S. District Court of New Mexico on behalf of the State Investment Council by the Attorney General's Office and Kirby McInerney LLP, a New York law…
Southern District of New York. Damian Williams, United States Attorney for the Southern District of New York, announced that DOV MALNIK, an Israeli securities trader and finance professional, was sentenced to 30 months in prison for his role in an international insider trading scheme. U.S. Attorney Damian Williams said: "This prosecution shows that we will…
Ronnie Bernard Truesdale, 41, was arrested Tuesday and charged with insurance fraud and attempting to obtain property by false pretense, which is a felony, the North Carolina Department of Insurance said in a news release. After being taken into custody by Wake County sheriff's deputies and DOI special agents, Truesdale was given a $10,000 secured bond,…
Police arrested Kasimatis on a warrant in Plymouth on Nov. 3, Attorney General's Office spokeswoman Roxana Martinez-Gracias said in a news release. During her arraignment Nov. 4 in Norfolk Superior Court, Judge Douglas Wilkins set her bail at $1 million with a $100,000 cash surety, according to court records. Martinez-Gracias said in the news release that the…
Those unemployment insurance funds were then loaded onto debit cards, resulting in $1.7 million in purchases and cash withdrawals over the course of nearly three months, according to the complaint, announced by the acting U.S. Attorney for the U.S. District Court for the Eastern District of Michigan in a news release. Brandi Hawkins, a former contract employee…
The former owner of a well-known Atlanta restaurant was sentenced to prison for failing to fully pay over $1 million in payroll taxes. Shanga Hankerson, 45, of Atlanta, was sentenced to serve two years in prison, one year of supervised release and ordered to pay $1,039,310.65 in restitution. Hankerson is the former owner of Gladys Knight's Chicken and Waffles…
Higgins is scheduled for trial before U.S. District Court Judge Thomas M. Rose on Jan. 10 on four counts of mail fraud, two counts of tampering with a witness and two counts of tampering with a witness with intent to retaliate, according to the indictment. He is the final defendant remaining in the federal government's public corruption investigation announced in…
The Wisconsin Office of the Commissioner of Insurance took several recent administrative actions. The actions are issued by OCI when…
Johnell Lee Cleveland, aka “Bankroll Johnny,” 40, was charged with one count each of conspiracy to commit wire fraud and wire fraud for separate insurance and unemployment fraud schemes.
A Las Vegas woman pleaded guilty today to using at least 40 stolen identities to fraudulently collect approximately $175,622 in unemployment insurance benefits from the California Employment Development Department, the administrator of the federally funded unemployment insurance benefit program for residents of the State of California.
"I had someone apply for unemployment insurance in my name," said DiPalma, a Democrat whose district covers parts of Middletown, Newport, Tiverton and Little Compton. This year's guest was Michael Tetreault, an employee of the Cybersecurity Infrastructure& Security Agency, better known as CISA, within the Department of Homeland Security. Tetreault was named…
Massachusetts Attorney General Maura Healey issued the following news release:. A Florida- based insurance agency has agreed to pay $625,000, including consumer restitution, to settle allegations that it used deceptive and unlawful practices to sell health plans to Massachusetts consumers, Attorney General Maura Healey announced today.
Nov. 2— A Buffalo teenager who was adjudicated as a youthful offender was sentenced Monday in Erie County Court to an indeterminate sentence of 1 1/ 3 to 4 years in state prison after pleading guilty to three felonies in two separate criminal cases. According to the Erie County District Attorney's Office, on Oct. 24, Buffalo police observed the 19- year-old exit a…
"Hawkins exploited the pandemic to defraud the State of Michigan and United States for her own personal gain," acting U.S. Attorney Saima Mohsin said in a news release. Hawkins of Detroit is the first defendant in Michigan to be sentenced who was charged with stealing unemployment insurance funds during the pandemic. Nearly 40 people have been charged in…
The Department of Labor is certain to take another crack at establishing a true fiduciary standard, a pair of experts agreed Wednesday.
Attorney General Bob Ferguson today announced that his office recovered $495,000 stolen from the Washington Employment Security Department, making Washington the first state to use its asset forfeiture power to recover stolen funds. The money will be returned to the Washington unemployment insurance trust fund. Today, Ferguson announced that King…
Damian Williams, the United States Attorney for the Southern District of New York, announced the unsealing of a Superseding Indictment charging ADRIAN ALEXANDER with conspiracy to commit mail and wire fraud, mail fraud, and wire fraud in connection with a scheme to obtain fraudulent insurance reimbursements and other compensation for fraudulent…
Calabasas Doctor Sentenced to 14 Months in Federal Prison for Accepting Bribes as Part of Compounded Medication Conspiracy. LOS ANGELES– A Calabasas physician was sentenced today to 14 months in federal prison for accepting nearly $800,000 in bribes and kickbacks as part of a conspiracy that unlawfully billed health insurers for compounded medication…
The Acting U.S. Attorney for the District of Massachusetts, Nathaniel R. Mendell, issued the following news release:. Alan Neal Scott, 68, was sentenced by U.S. District Court Judge Leo T. Sorokin to 87 months in prison and three years of supervised release. Acting United States Attorney Nathaniel R. Mendell; Jonathan Mellone, Special Agent in Charge of the U.S….
ST. LOUIS– United States District Court Judge Henry E. Autrey accepted a plea of guilty from Shannon Nenninger on October 12, 2021 for the crimes of conspiracy involving health care fraud, making false statement to a government agency, theft of government funds, and social security fraud. Thomas Hobbs could assist her in obtaining disability payments from the…
Edward J. Chadwick, of Yakima, Wash., pleaded guilty to first-degree theft in Spokane County Superior Court involving 24 insurance premium finance loans.
Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox announced a guilty plea from a Portland woman who filed false insurance claims totaling more than $135,000.
A joint investigation conducted by the Michigan Department of Insurance and Financial Services (DIFS) and the Ogemaw County Sheriff’s Office has led to insurance fraud and identity theft charges against 14 individuals for allegedly submitting nearly $3 million in false insurance claims.
