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A new study by the Financial Services Institute claims the DOL fiduciary rule proposal would cost a lot more to implement than expected.

A study commissioned by the Financial Services Institute finds that the Department of Labor fiduciary rule proposal would cost firms $2.7 billion to implement.

The state Department of Health suspended the license of the former nurse Friday for defrauding her employees at the dialysis clinics she managed in Skagit County. Rather had not responded to a statement of charges regarding her convictions of fraud and identity theft, according to the Department of Health. She stole the identities of employees who worked…

The Nebraska Department of Insurance is investigating a Lincoln claims examiner in connection with $885,000 in claims suspected to be fraudulent, according to newly filed court documents. But in an affidavit to obtain a search warrant, served at the suspect's home Jan. 2, Investigator Charles Starr with the Department of Insurance's fraud prevention…

In addition to new revelations about a highly paid driver, News& Observer reporting on N.C. Insurance Commissioner Mike Causey has identified other hires and management moves that appear motivated by politics and personal connections. One was his 2016 campaign manager, Mendy Greenwood.

Jan. 13— The Nebraska Department of Insurance is investigating a Lincoln claims examiner in connection with $885,000 in claims suspected to be fraudulent, according to newly filed court documents. Because the Lincoln man hasn't yet been charged, the Journal Star isn't naming him. But in an affidavit to obtain a search warrant, served at the suspect's home Jan. 2,…

Kent Pfaff, 59, from Washburn pled guilty to crop insurance fraud and is scheduled to be sentenced in March 2024. Pfaff must repay $379, 317 to the U.S. Department of Agriculture's Risk Management agency after he pleaded guilty to a felony count in a crop insurance fraud case on December 20, 2023. Pfaff's son, Steven Pfaff, was paid $145, 035, "and his farmhand,…

MOBILE, Ala.— The Mobile County District Attorney's Office announced criminal charges against a Prichard city councilman on Tuesday. Prichard City Councilman Derrick Griffin was arrested today on two counts of insurance fraud. "This indictment is part of a larger investigation," Mobile County District Attorney Keith Blackwood said.

The office of the U.S. Attorney for the Northern District of Iowa issued the following news release:. Justin Eugene Dowie, age 41, from Cedar Rapids, received the prison term after pleading guilty on July 19, 2023, to one count of bank fraud, one count of money laundering, and one count of possessing ammunition as a felon. Dowie also perpetrated other fraud schemes on…

A Denver man is accused of being part of a national scam using the short-term rental platforms Airbnb and Vrbo to defraud thousands of victims, from California to Florida to Ohio. Authorities say the men created numerous fake host accounts on Airbnb and Vrbo— using stolen identities at least twice— to post multiple listings for the same rental property.

As legal wrangling intensifies over a house in Fairfield built on land the developer bought as the victim of a scam, the FBI appears to have evidence the fraudulent sale was part of a multi-state swindle, perhaps by the same people. The developer, in turn, sued that same Trumbull lawyer and his firm; the real estate agent with Keller Williams, who, according to court…
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A House committee will hold a hearing Wednesday on the controversial DOL fiduciary rule proposal.

The House Capital Markets Subcommittee will hold a hearing at 10 a.m. Wednesday on “Examining the DOL Fiduciary Rule: Implications for Retirement Savings and Access.”

Orange County District Attorney David M. Hoovler announced that Nassau County resident Victor Coles, age 35, of Westbury, was arrested by the multi-agency Orange County White Collar Crime Task Force and charged with insurance fraud. As alleged in charges filed in court, Coles submitted a written application for car insurance using a false address.

The FBI has linked eight robberies to the scammers and is investigating 11 others across the eastern U.S. The confirmed robberies include a Subway sandwich shop in Kentucky, a Pennsylvania smoke shop and three Massachusetts liquor stores. In four of the robberies, a supposed victim had already filed the paperwork with USCIS, an FBI agent said in court documents.

New York Attorney General Letitia James has upped the ante in her civil fraud case against former President Donald Trump, asking the judge to fine him more than $370 million, a court filing shows. She also requested that the former president and two of his former business associates, Allen Weisselberg and Jeff McConney, be permanently barred from participating…