Fraud Headlines

2021 Articles

January 

California Officials Confirm Over $11 Billion in Unemployment Fraud During Pandemic 

The state paid at least $11.4 billion, which is approximately 10 percent of benefits paid during the pandemic, in funds that involved fraud. (The Hill)

Fraud Epidemic 'is Now National Security Threat' 

Fraud has reached epidemic levels in the UK and should be seen as a national security issue, says think tank the Royal United Services Institute. (BBC)

Procurement Fraud Recoveries Substantial for DOJ in FY 2020 

The Department of Justice (DOJ) recently announced that it obtained more than $2.2 billion in False Claims Act (FCA) settlements and judgments in the fiscal year ending September 29, 2020. (JD Supra)

Pandemic Fires Up Insurance Fraud, Here’s What To Watch For 

Insurance fraud (non-health insurance) is a $40 billion dollar a year criminal enterprise that costs the average U.S. family between $400 and $700 per year in increased insurance premiums, according to the FBI. (Forbes)

NRA Files For Bankruptcy Amid Fraud Suit In New York 

The National Rifle Association filed for Chapter 11 bankruptcy in Texas on Friday as its current home, New York, pursues a fraud case against the organization. (NPR)

Boeing To Pay $2.5 Billion Over 737 Max Fraud, Faces No Other Charges 

Boeing will pay more than $2.5 billion to settle criminal charges that it repeatedly concealed and lied about the 737 Max's engineering problems that led to two catastrophic crashes claiming hundreds of lives. (NPR)

FBI Warns of COVID-Related Fraud Schemes as Vaccines Distributed Across the Country 

"We've been concerned about fraud schemes regarding the vaccine as soon as the vaccine went from an idea to reality. … The one thing that we've learned throughout this pandemic is that when there's money to be made, criminals will figure out how to do it," said FBI Financial Crimes Section Chief Steven Merrill. (USA Today)

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