Health Care Fraud: Joe David May Charged In Kickbacks Generate Expensive Compounded Drug Prescriptions

Doctor and Sales Rep Charged in $12 Million Fraud Scheme Targeting Tricare and Extensive Cover Up Kickbacks Generate Expensive Compounded Drug Prescriptions LITTLE ROCK—A doctor and a medical sales representative have been charged in a scheme to pay and receive kickbacks to generate expensive prescriptions for compounded drugs. TRICARE, the military’s health insurer, paid over […]

Financial Fraud: Demetrios Stavrakis Indicted For An Arson Conspiracy In Order To Obtain Insurance Proceeds

Baltimore Business Owner Indicted on Federal Charges for a Conspiracy to Set Fire to His Business In Order to Obtain Insurance Proceeds Baltimore, Maryland – A federal grand jury has indicted Demetrios Stavrakis, a/k/a Jimmy, age 53, of Lutherville-Timonium, Maryland, for an arson conspiracy to allegedly damage his business by setting it on fire in […]

Insurance Fraud: DR. PAUL MADISON Convicted On Fraud Charges For Billing Insurance Companies

Federal Jury Convicts Chicago Doctor on Fraud Charges for Billing Insurance Companies for Nonexistent Treatment CHICAGO — A federal jury has convicted a Chicago doctor on fraud charges for billing insurance companies for purported chiropractic manipulations that were never performed. DR. PAUL MADISON, an anesthesiologist and pain management specialist, owned Watertower SurgiCenter LLC, an outpatient […]

Financial Fraud: Six Individuals Have Stolen Over $8 million From a Bank And an Insurance Company

Six charged in massive fraud & money laundering scheme Alleged to have stolen over $8 million from a bank and an insurance company Indianapolis – United States Attorney Josh Minkler announced federal charges against six individuals, including a former regional construction project manager for a bank, the owners of two different construction companies, the owner […]

Car Insurance Premiums Fraud

Did you commit fraud when you bought car insurance? Americans might agree that auto insurance companies aren’t perfect in regards to deciding how much policyholders should pay in premiums. Most of all of us think our rates should be lower. Yet a study by insurance industry data collector Verisk Stats indicates that – at least […]

Insurance Fraud Tips And Examples

Insurance industries report a possible 3% to 10% of all insurance claims are frauds. There also are many reports of exaggeration, for instance if a thief has stolen a TV from someone, he will usually hide his computer and radio and add it too the report. The second ones usually are average people looking for […]

Health Insurance Fraud- What You Should Know

Health insurance fraud represents one of America’s largest taxpayer rip-offs ever, costing Americans literally billions of dollars every year. Due to rampant deception, scams and abuse in the health care system, consumers are forced to pay the price–literally–through escalating medical costs and rising health insurance premiums. And government programs like Medicare and Medicaid, designed to […]

Financial Fraud: Glenn R. Fischer Pleaded Guilty In Million Insurance Fraud Scheme

Ellicott City Man Pleads Guilty to Federal Charges in $4.4 Million Insurance Fraud Scheme Sold Victim Businesses Non-Existent Insurance and Used the Premiums Collected for His Personal Benefit Baltimore, Maryland – Glenn R. Fischer, age 70, of Ellicott City, Maryland, pleaded guilty on March 21, 2017, to wire fraud and aggravated identity theft arising from […]

Insurance Fraud and Class-Action Lawsuits

We take out insurance policies to protect ourselves and our families in the eventuality of a serious accident or injury. In a certain sense, insurance is a form of gambling: you’re betting a company that something bad will happen, and they’re betting against it. So it is especially egregious when an insurance company rigs the […]

Life Insurance Fraud

Life insurance fraud is a black eye on both life insurance companies and life insurance customers. Both parties have been guilty of life insurance fraud and will be again — especially since, sadly, fraud seems to be on the rise according to most statistical measures. Research by the non-profit The Coalition Against Insurance Fraud concludes […]

Insurance Fraud: Yoisler Herrera-Enriquez Pled Guilty For Defrauded Automobile Insurance Companies

Wyoming Man Fifth Person To Plead Guilty To Staged Automobile Accident Fraud The Fraud Ring Operated Three Therapy Clinics in Michigan from 2012 to 2015          GRAND RAPIDS, MICHIGAN — Yoisler Herrera-Enriquez, age 31, a massage therapist from Wyoming, Michigan, pled guilty in federal court today to conspiracy to commit mail fraud related to a […]

Which Are Insurance Adjusters Spot Fraudulent Claims?

Be vigilant in identifying insurance fraud by becoming familiar with the most common forms of fraud. This include Car “Stolen , Accident and Damage”, Health Insurance Billing Fraud, Unnecessary Medical Procedures, Staged Home Fires, Storm Fraud, Abandoned House Fire, Faked Death, Renter’s Insurance. Stolen Car There аrе twо ways thаt criminals perpetrate thе stolen car […]

Financial Fraud: Patricia Diane Smith Sledge Convicted in Scheme to Defraud Insurance AFLAC Company

Former AFLAC Employee Convicted in Scheme to Defraud Insurance Company out of $4 Million through Bogus Disability Claims SANTA ANA, California – A former sales representative for AFLAC has been found guilty of federal fraud charges stemming from a scheme that bilked the insurance company out of $4 million with fake disability claims. Patricia Diane […]

Financial Fraud: Victor Hugo Soriano Guilty to Commit Mail Fraud in a Scheme to Defraud Insurance Companies

Modesto Man Pleads Guilty to Staging Car Accidents in a Scheme to Defraud Insurance Companies FRESNO, Calif. — Victor Hugo Soriano-Villafan, 26, of Modesto, pleaded guilty today to conspiracy to commit mail fraud in a scheme to defraud insurance companies, Acting U.S. Attorney Phillip A. Talbert announced. According to court documents, from October 2011 until […]

Financial Fraud: Cristopher Santiago Guilty to Commit Mail Fraud and Scheme to Defraud Insurance Companies

Stockton Man Pleads Guilty to Staging Car Accidents in a Scheme to Defraud Insurance Companies FRESNO, Calif. — Cristopher Santiago Sanchez-Becerra, 32, of Stockton, pleaded guilty today to conspiracy to commit mail fraud and admitted that he staged car accidents in a scheme to defraud insurance companies, Acting U.S. Attorney Phillip A. Talbert announced. According […]

Financial Fraud: Laquitta S. Brackins Sentenced For Mail and Wire Fraud by Defrauding a Cell Phone Insurance Provider

Defendant Receives Lengthy Sentence for Cell Phone Insurance Fraud ATLANTA – Laquitta S. Brackins has been sentenced to federal prison for conspiracy to commit mail and wire fraud by defrauding a cell phone insurance provider.  Brackins, along with a co-conspirator, filed thousands of false insurance claims on cell phones that did not belong to them […]

JOHN A. BARILE Was Sentenced For Insurance Fraud, Gambling and Extortion Offenses

East Hartford Man Sentenced to 71 Months for Arson, Insurance Fraud, Gambling and Extortion Offenses Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that JOHN A. BARILE, 52, of East Hartford, was sentenced today by U.S. District Judge Alvin W. Thompson in Hartford to 71 months of imprisonment, followed by three […]

5 Insurance Scams That Made the Headlines

There’s a dark side to worldwide travel insurance – the fraud. The trouble is, it’s notoriously hard to disprove fraudulent claims – especially in the travel sector and hundreds of people get away with it every year. Indeed, it’s estimated to cost companies millions of pounds every year, and the extent of the problem is […]