In a major crackdown on insurance fraud, five San Diego residents face serious felony charges for orchestrating a disability insurance fraud scheme. The group is accused of filing 63 fraudulent claims, attempting to exploit a long-term disability policy. Tyler A. Liebowitz, 45, and Dean C.
As threats of fraud continue to climb, organizations across finance, law, taxation, and government sectors are on high alert to protect against complex scams and illicit activities. With an uptick in Suspicious Activity Reports and cunning email schemes, it’s clear that the defense against fraud
Addressing the Complexities of Insurance Fraud Investigation Streamlining Special Investigation Units (SIUs) Insurance fraud, with an annual cost exceeding $300 billion, is a prevalent issue in the industry, requiring specialized investigation units (SIUs) for detection and prevention. SIUs often
The US insurance sector is grappling with a crisis akin to a high-stakes heist: insurance fraud. Yet, unlike its Hollywood portrayal, these crimes are far from glamorous and often slip under the radar. In 2022, insurance fraud's economic impact was an alarming $309 billion, rivaling Apple's global
The Charges and Alleged Scheme John Oxendine, Georgia's former insurance commissioner, finds himself at the center of a healthcare fraud trial involving charges that could decimate his previous government service reputation. Accused of being a pivotal player in a fraudulent scheme from 2015 to
