A federal jury in Richmond, Va., found the president of a Costa Rican company that sold reinsurance bonds to life settlement companies guilty of carrying out a $500 million fraud scheme that affected more than 2,000 victims throughout the United States and abroad.

The last of 36 defendants in Texas was convicted of conspiracy to defraud American Family Life Assurance Co. (Aflac) of more than $3 million by filing false injury claims.

Three men from Ft. Lauderdale, Fla., were arrested Feb. 29 for allegedly cheating health insurance companies of $3 million about two years after they were charged in one of the largest alleged Ponzi schemes in history.

A group of 36 people was accused of an alleged scheme to defraud New York insurers of more than $279 million in the largest alleged single no-fault automobile insurance fraud charge ever.

A New Orleans police officer committed suicide Feb. 7 after news reports indicated that he and two other officers were being investigated for insurance fraud by the Federal Bureau of Investigation.

Former New York Sen. Nicholas A. Spano (35th District) pleaded guilty Feb. 11 in federal court in White Plains, N.Y., to filing fraudulent tax returns involving payment from an insurance company.

A Virginia father was sentenced after pleading guilty to defrauding his adopted daughter and an insurance company to collect the proceeds of a $500,000 life insurance policy on his deceased wife.

A federal judge in Detroit dismissed a suit against the U.S. government, seeking payment for the loss of a $750,000 Ferrari crashed by an FBI agent.

Two firms have announced separate investigations into possible claims of wrongdoing against officers and directors of a specialty finance company that proves premium financing of insurers’ individual life insurance policies.

Federal prosecutors, armed with two new health care fraud teams since February, may log an 85% increase in the number of health care fraud prosecutions this year, compared to last year, a new study says.