View the video here on your mobile device. Narrator: Canadians love to shop and online shopping is quickly becoming the norm. Recent studies found that 40 percent of Canadians shop online and spend more than $40 billion each year. However, countless others become the victims of online fraud. The Canadian Anti-Fraud Centre estimates that as [...]
View the video here on your mobile device. ILSTV investigates the investigation services of King-Reed & Associates Brian King, President & CEO: Currently we have 12 offices situated throughout Ontario and Quebec and partnerships in other parts of the country and providing a national service to our clients, which are primarily the P&C industry and [...]
Employers are seeing an increase in internal crimes; New coverage can help
Complaint against six physicians, eight medical professional corporations and companies used to control them after fraudulent claims and MRI reports were submitted to the insurer for payment of No-Fault benefits
Law Society of BC says new twist on old scam can trick realtors into paying on phony trust cheques
Cop to be charged with fraud, breach of trust after investigation reveals a series of staged accidents that led to fraudulent insurance payments
The Ontario Provincial Police (OPP) in Essex Country have arrested and charged four individuals after an investigation relating to an arson that occurred in November 2000. The investigation found that the homeowner planned to burn down the Kingsville residence in order to collect the insurance proceeds. The OPP said male from Kirkland Lake, Ontario (48), [...]
View the video here on your mobile device. Narrator: Pam Murphy, Professor of Accounting at Queen’s School of Business in Kingston, Ontario says that in addition to opportunity and motivation, the ability to rationalize their behaviour can case otherwise ethical people to commit unethical acts, including fraud. Pam told ILSTV that there are six categories [...]
View the video here on your mobile device. Narrator: According to a recent report by PwC, one in three organizations was a victim of fraud within a one year period. It’s not just the “bad guys” who commit fraud anymore – people who consider themselves to be ethical are the perpetrating fraud on a more regular [...]
Actor Tom Hanks and his wife Rita Wilson are suing their former insurance broker after the agency engaged in a “predatory embezzlement scheme.” The lawsuit claims that J.B. Goldman Insurance Agency overcharged the Hollywood couple and other policyholders and insured them multiple times for the same coverage. Hanks and Wilson had worked with the agency [...]
Two Manhattan jewelry wholesalers have been found guilty of insurance fraud after the staged a gunpoint robbery of their office in order to collect a $7 million insurance payment. Atul Shah, 49, and Mahaveer Kankariya, 44, were found guilty of insurance fraud in the first degree, attempted grand larceny in the first degree and falsifying [...]
The Halton, Ontario Regional Police have arrested seven people and seized more than $20,000 following in connection with a telephone fraud ring that was operating out of Oakville and Mississauga. Halton investigators have determined the ring was targeting elderly victims across North America using what is commonly referred to as the “Emergency Scam” or “Grandson [...]
Facial recognition technology helped ICBC resolve a number of fraud and identity theft cases in 2010. British Columbia’s auto insurer first introduced facial recognition technology in 2008 and Fred Hess, vice president of driver licensing at ICBC says the organization is now at the forefront of identity protection. The technology allows ICBC to compare a [...]
A 60 year old Middletown, New York man thought he was doing favours for his unlicensed friends and family members by registering and insuring their vehicles, but he soon found out that what he was doing is illegal. Ruben Godinez was arrested for falsifying business records in early February, said the New York State Insurance [...]
A British Columbia Securities Commission panel has imposed $47 million in penalties and permanently banned a dealer for misconduct in a fraud case it described as being “at the top range of seriousness.” Sung Wan (Sean) Kim defrauded 35 B.C. investors and one from Korea of $15.7 million when he targeted the Korean religious community, [...]
As organized fraud related to Ontario auto insurance claims evolves it is not only driving up costs, but also creating new risks for drivers. The Co-operators is reminding Ontario drivers to use caution to avoid being unwitting participants or victims of fraudulent activity. The problem of fraud has long been a major concern in Ontario, [...]
Allstate Insurance Company in New York has filed its sixth lawsuit of the year, in a case that seeks to prove that professional service corporations were actually owned and operated by a layperson, rather than by licensed physicians or medical professionals. Allstate says it is committed to fight insurance fraud in New York and has [...]
Lloyd’s of London has become the subject of a recruitment scam (Recruitment Fraud) in which people are being offered fictitious employment opportunities with Lloyd’s and being asked to send their personal details and / or monies. Lloyd’s said perpetrators of Recruitment Fraud can be extremely convincing and it is not uncommon for (potential) victims to [...]
