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Chile"s Codelco says uncovered $22 million insurance fraud involving unions

Chile's state-owned Codelco, the world's largest copper producer, said on Tuesday it had filed a lawsuit over an alleged scam in insurance contracts drawn up by unions for workers at its Chuquicamata and Radomiro Tomic mines......»»

Category: topSource: reutersJan 14th, 2020

Exclusive: Aon alleges fraud in arbitration over $300 million Brazilian deal: documents

British insurance broker Aon .....»»

Category: topSource: reutersMar 10th, 2020

10 Former NFL Players Indicted In $3.4 Million Health Insurance Fraud

10 Former NFL Players Indicted In .....»»

Category: blogSource: zerohedgeDec 12th, 2019

UniCredit unveils 2015 data breach involving 3 million Italian clients

UniCredit has uncovered a data breach involving the personal records of 3 million domestic clients, it said on Monday, the third security incident at Italy's top bank in recent years......»»

Category: topSource: reutersOct 28th, 2019

Pasco County marketing executive sentenced to six years in prison for role in DNA testing scheme

The owner of a Land O’ Lakes medical marketing company was sentenced on Oct. 4 to 70 months in federal prison for his role in a $2.2 million DNA testing fraud scheme involving kickbacks and bribes to fake medical clinics in Miami. David Brock Lovelac.....»»

Category: topSource: bizjournalsOct 7th, 2019

Two area health professionals nabbed in fed "pill-mill" probe

A nurse practitioner and a medical secretary from Western New York are among dozens charged by federal prosecutors of participating in a health care fraud case involving $160 million in fraudulent claims and 3.25 million opioid pills. In all, the U.S......»»

Category: topSource: bizjournalsSep 27th, 2019

Four indicted in alleged $99M pharmacy fraud scheme

Authorities say a $99 million fraud scheme involving pharmacies in New York and New Jersey has led to the indictment of four people. The four owned or worked for pharmacies in Union City, New... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 17th, 2019

Tom Henderson charged with defrauding foreign investors of more than $110M

Embattled Oakland businessman Tom Henderson was indicted by a federal grand jury for his alleged role in a $110 million investor fraud scheme involving federal EB-5 visas and arrested Tuesday morning. The U.S. Attorney’s Office for the Northern Di.....»»

Category: topSource: bizjournalsAug 20th, 2019

KC pharmacist is sentenced for health care fraud

A Kansas City pharmacist was sentenced for health care fraud Tuesday, following a whistle blower suit filed by a former co-worker.  Emily Barnes filed the suit in 2015, shedding light on a $9.5 million Medicaid billing scheme involving Stark Phar.....»»

Category: topSource: bizjournalsJun 27th, 2019

HBR: Fostering an ethical culture on your sales team

Companies must take steps to protect themselves from the risk of sales fraud. Research involving more than 1,000 sales professionals in 50 companies has uncovered some best practices to that end......»»

Category: topSource: bizjournalsJun 23rd, 2019

AriseBank CEO Pleads Guilty to $4.2 Million Securities Fraud Involving ICO

Jared Rice, former AriseBank CEO, pleaded guilty to securities fraud and could face as much as 20 years in prison......»»

Category: forexSource: coindeskMar 21st, 2019

Judge rules PwC owes $625M over failed mortgage lender

A federal judge on Monday said PricewaterhouseCoopers LLP should pay the Federal Deposit Insurance Corp $625.3 million in damages for failing to uncover a fraud scheme between its client Colonial Bank and the mortgage lender Taylor, Bean & Whitaker......»»

Category: topSource: moneycentralJul 2nd, 2018

Ex-Barrett Business Services CFO faces accounting fraud charges as company pays $1.5M fine

The Securities and Exchange Commission has charged a former CFO with accounting fraud, to the tune of tens of millions of dollars, and fined the company $1.5 million. James D. Miller had a role in a scheme involving BBSI’s workers’ compensation.....»»

Category: topSource: bizjournalsSep 20th, 2018

Family of recluse millionaire will get back $1.6 million estate in insurance fraud case

Former insurance agent Blanche Berenzweig will have to return most of recluse LeRoy Ern's $1.6 million estate to family after settlement deal rea.....»»

Category: topSource: usatodayOct 3rd, 2018

SEC Asks Court to Enforce Subpoena in ICO Inquiry

The SEC is trying to subpoena an investment trust company as part of a probe into alleged fraud involving claims of a $100 million ICO......»»

Category: forexSource: coindeskOct 10th, 2018

Man arrested in South Africa in Denmark fraud case

Denmark's top prosecution authority says a Danish man has been arrested in South Africa, suspected of having played a key role in a fraud case involving least 111 million-kroner ($17 million) that targeted a Danish government welfare agency......»»

Category: topSource: foxnewsNov 1st, 2018

FBI urges companies to check validity of workers" comp insurance after alleged fraud

In an unusual move, the FBI is publicly seeking victims of an alleged nationwide scam involving workers’ compensation and other business insurance. An investigation into American Labor Alliance is being led out of Northern California by the FBIâ.....»»

Category: topSource: bizjournalsFeb 22nd, 2019

Danish welfare agency fraud case larger than first said

Denmark's minister for children and social affairs says a new investigation into a huge fraud involving public funds show more money — 121 million kroner ($19 million) — had vanished from Danish government coffers......»»

Category: topSource: foxnewsMar 1st, 2019

Vereit, partners pay $247M for massive Texas distribution center

The partnership involving the Phoenix-based commercial real estate company has acquired $650 million worth of industrial assets in the past 15 months. Here are the details of the latest purchase......»»

Category: topSource: bizjournalsAug 13th, 2020

Drugmaker AbbVie will pay $24 million to settle fraud lawsuit over Humira marketing

Pharmaceutical giant AbbVie, based in Chicago's northern suburbs, has agreed to a $24 million settlement that will require it .....»»

Category: topSource: chicagotribuneAug 7th, 2020

Cigna sued by Justice Department for insurance fraud, Axios reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallAug 5th, 2020