IFAwebnews » FBI

Costa Rican man found guilty in $500 million life-settlement scheme

IFAwebnews Staff — Mon, 07 May 2012 00:49:53 +0000

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.

Costa Rican man found guilty in $500 million life-settlement scheme via IFAwebnews.

Last defendant in $3M fraud conspiracy against Aflac pleads guilty

Jaime L. Brockway — Thu, 29 Mar 2012 08:09:20 +0000

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.

Last defendant in $3M fraud conspiracy against Aflac pleads guilty via IFAwebnews.

Accused Ponzi schemers in Fla. allegedly bilked health insurers of $3M

Jaime L. Brockway — Fri, 16 Mar 2012 17:45:48 +0000

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.

Accused Ponzi schemers in Fla. allegedly bilked health insurers of $3M via IFAwebnews.

‘Criminal trifecta’ allegedly executes largest no-fault auto fraud

Jaime L. Brockway — Wed, 07 Mar 2012 14:12:12 +0000

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.

‘Criminal trifecta’ allegedly executes largest no-fault auto fraud via IFAwebnews.

La. police officer commits suicide over alleged insurance fraud probe

IFAwebnews Staff — Mon, 20 Feb 2012 11:08:52 +0000

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.

La. police officer commits suicide over alleged insurance fraud probe via IFAwebnews.

Former N.Y. senator admits tax fraud involving insurance payments

Jaime L. Brockway — Fri, 17 Feb 2012 02:19:34 +0000

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.

Former N.Y. senator admits tax fraud involving insurance payments via IFAwebnews.

Va. man imprisoned for 64 months for $500,000 life insurance fraud

Bob Graham — Tue, 14 Feb 2012 04:08:57 +0000

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.

Va. man imprisoned for 64 months for $500,000 life insurance fraud via IFAwebnews.

Judge frees U.S. from having to pay $750,000 for crashed Ferrari

Bob Graham — Wed, 12 Oct 2011 03:22:07 +0000

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.

Judge frees U.S. from having to pay $750,000 for crashed Ferrari via IFAwebnews.

Probes target executives’ actions at Fla. life insurance finance firm

Bob Graham — Wed, 05 Oct 2011 18:53:05 +0000

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.

Probes target executives’ actions at Fla. life insurance finance firm via IFAwebnews.

U.S. prosecutions of health care fraud trending upward

Jaime L. Brockway — Fri, 02 Sep 2011 12:06:28 +0000

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.

U.S. prosecutions of health care fraud trending upward via IFAwebnews.