N.J. chiropractor allegedly excluded insurer’s payments on his taxes

12.11.2011 | Mid-Atlantic, New Jersey, On the Record

A chiropractor with offices in Paterson, N.J., was indicted by a federal grand jury on charges of filing false income tax returns, allegedly excluding about $1.07 million in income from insurance companies, lawyers and other parties.

Man allegedly bilked Geico with false classic Harley theft report

12.07.2011 | On the Record, South

A Willis, Texas, man’s allegedly defrauding of an insurance company, to whom he claimed that his classic Harley-Davidson motorcycle had been stolen, appears to have been discovered by his former girlfriend.

N.C. man pleads guilty to $2.7 million workers’ comp. scheme

12.05.2011 | North Carolina, On the Record, South

A Wake Forest, N.C., man pleaded guilty Nov. 29 to his role in a $2.7 million workers’ compensation scheme, according to Florida insurance regulators.

N.J. insurance agent gives up license for over prohibited policy sale

11.30.2011 | Mid-Atlantic, Midwest, On the Record

A New Jersey man surrendered his insurance license in Pennsylvania after regulators in that state found evidence he allowed a company prohibited from selling policies since 2006 to write coverage.

Lawyer, worker accused of stealing IDs to garner variable annuity gains

11.28.2011 | Life Insurance News, Northeast, On the Record

Two Rhode Island men, including a lawyer, were charged with allegedly stealing the identities of terminally-ill patients and elderly to obtain more than $25 million from insurance companies and bond issuers.

Plea expected from Costa Rican man linked to life settlement scheme

11.21.2011 | Mid-Atlantic, New Jersey, On the Record, Virginia

A plea agreement appears to have been reached in a case where a Costa Rican man allegedly led a $670 million life settlement scheme, according to an Associated Press report.

N.J. residents sentenced in Pa. insurance fraud, theft case

11.18.2011 | Mid-Atlantic, New Jersey, On the Record, Pennsylvania

A group of New Jersey residents pleaded guilty to an insurance fraud and theft ring, operating out of a Philadelphia auto body repair shop.

Mass. broker pays $1.7M settlement to Conn., does not admit wrongdoing

11.17.2011 | Northeast, On the Record

A Boston, Mass., insurance broker agreed, without admitting wrongdoing, to pay a $1.7 million settlement to resolve allegations that it overcharged a client more than $2 million by concealing fees and commissions.

Va. father drains $500,000 in insurance proceeds from daughter’s trust

11.16.2011 | Mid-Atlantic, On the Record, South, Virginia

Two Leesburg, Va., men, an accountant and a lawyer, pleaded guilty to an insurance scheme to fraudulently acquire $500,000 in life insurance proceeds from the accountant’s daughter.

N.Y. wants insurance brokerage closed over alleged kickback scheme

11.15.2011 | New York, Northeast, On the Record

A family-run insurance brokerage in Long Island, N.Y. is accused in a civil suit of defrauding hundreds of charities by operating an alleged kickback scheme for 21 years.