Fraud Archives - Zxcoachoutlet

California Insurance Agent, Unlicensed Employee Arraigned for Alleged Fraud

October 14, 2020

Insurance agent Brenda Cervantes, 31, of Oxnard, Calif., and unlicensed employee Edith Arellano-Quinones, 39, of Ojai, were arraigned on Tuesday on misdemeanor counts of insurance fraud after allegedly selling auto insurance without proper licensing and putting their customers’ coverage and information at risk.

Investigators from the California Department of Insurance reportedly conducted undercover visits to a number of Victoria’s Auto Insurance Services in Ventura County to obtain quotes for insurance services.

Investigator visits, along with interviews with employees and customers, reportedly revealed Arellano-Quinones was operating and supervising a branch of Victoria’s Auto Insurance Services in Oxnard without being properly licensed as an insurance agent. Arellano-Quinones was previously licensed by the CDI, but surrendered her license in 2008.

Arellano-Quinones allegedly illegally used login credentials from various insurance companies provided by Cervantes, a licensed insurance agent who also worked for Victoria’s Auto Insurance Services. Cervantes provided these login credentials to several employees

How to get your money back when your credit card is stolen and you’ve been a victim of fraud

October 11, 2020

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It’s happened to nearly everyone: Our credit or debit card is lost or stolen, and then we find fraudulent charges on our account. And the Covid crisis has unfortunately made fraud even more common. But the theft of your card or bank information doesn’t mean you’re on the hook for all the losses. On the contrary, in the vast majority of cases, you’re entitled to a refund of almost all fraudulent charges. Here are the basic steps you should understand to get as much of your money back as possible.

a person using a laptop computer sitting on top of a table

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Credit or Debit?

Whether to pay with debit or credit is an age-old question that depends upon multiple factors. Generally speaking, if you have good credit management skills and pay-off your cards on time every month, you should pay with credit as often as possible, in order to enjoy cash back, points and other rewards. From

Cop indicted on insurance fraud says charge should be thrown out

October 10, 2020

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A Superior Court judge wants to know why a prosecutor presented “misinformation” to a grand jury, which ultimately indicted an Elizabeth cop on insurance fraud charges about three years ago after she filed suit against her police department.

Union County prosecutors alleged that Alana Velazquez, who became a cop in 2010, used her supplemental AFLAC insurance to receive $8,600 for an on-duty injury, but the policy did not cover on-the-job-injuries. She was charged in 2017 with insurance fraud, theft by deception, and three counts of uttering a forged document — about a year after she filed suit claiming racial discrimination.

Her attorney, Joshua McMahon, asked Friday to have the indictment dismissed because he claimed Union County Assistant Prosecutor Robert Rosenthal did not explain to the grand jury that her policy could’ve covered on-the-job injuries. Rosenthal was unsure if he redacted the policy numbers when he presented evidence to the grand

Judge tells Rochester mayor she’ll get no special treatment if convicted on campaign finance, fraud charges

October 6, 2020

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ROCHESTER, N.Y. — Rochester Mayor Lovely Warren, a onetime rising star in the Democratic Party who faces corruption charges that could end her career — and land her behind bars — appeared in a Monroe County courtroom Monday to plead not guilty to all charges.

Warren, 43, is accused of bypassing campaign contribution limits when she successfully ran for reelection as mayor in 2017.

Cayuga County Judge Thomas Leone will preside over her case in Monroe County to possibly avoid any judicial ties to the mayor.

“In my 14 years on the bench, I’ve never told my administrative judge ‘no,’ so here I am in Rochester today,” he said.

Appearing via a live stream at Monroe County Supreme Court, Warren sat cross-legged in the courtroom’s first row wearing a lilac face mask and a white coat.

Leone didn’t mince words in releasing the embattled mayor from custody as her court

Rochester Mayor Indicted in Felony Campaign Finance Fraud

October 3, 2020

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Rochester, N.Y. mayor Lovely Warren has been indicted on charges she broke campaign finance rules and committed fraud during her 2017 reelection campaign, the Monroe County District Attorney announced Friday.

One charge is for a scheme to defraud in the first degree, while another is an election law offense for illegally coordinating activities and expenditures, the Democrat and Chronicle reported.

The Democrat’s campaign treasurer, Albert Jones Jr., and the treasurer of her political action committee, Rosalind Brooks-Harris, face charges as well, district attorney Sandra Doorley said.

A State Board of Elections probe had previously found that there was “considerable evidence” that Warren, her associates, and a political action committee supporting her campaign had worked to purposely evade campaign donation limits.

Warren, the first female mayor of Rochester, has previously denied the allegations, calling the investigation a “political witch hunt.”

If convicted, Warren would be removed from office under state law

Rochester, N.Y., Mayor Lovely Warren Accused of Campaign-Finance Fraud

October 2, 2020

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The mayor of Rochester, N.Y., was charged with two felonies on Friday over allegations of campaign-finance fraud, dealing another blow to an administration that has been rocked by the police-involved asphyxiation death of Daniel Prude.

Mayor Lovely Warren is accused of unlawfully coordinating the activities of her re-election campaign committee and an outside political-action committee while running for a second term in 2017, Monroe County prosecutors say.

The Democratic mayor as well as the treasurers of both political committees were charged with engaging in a scheme to defraud and violate the state’s campaign finance law. Monroe County District Attorney Sandra Doorley said the case arose from an investigation by the state Board of Elections enforcement counsel, which looked into a complaint by Ms. Warren’s political rivals.

Ms. Warren has repeatedly denied wrongdoing. Her attorney, Joseph Damelio, said at an afternoon news conference that it was possible mistakes were made but

Germany Puts First Auto Boss On Trial Over ‘Dieselgate’ Fraud

September 30, 2020

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Five years after “dieselgate” emissions cheating revelations rocked the car industry, ex-Audi CEO Rupert Stadler on Wednesday became the first top executive to stand trial in Germany.

Stadler, 57, appeared before the Munich district court to answer charges of fraud, falsifying certifications and false advertising.

He wore a face mask as a precaution against the coronavirus as he arrived but then took it off in court.

With him in the dock are former Audi and Porsche manager Wolfgang Hatz and two Audi engineers, all charged with fraud.

German car giant Volkswagen — whose subsidiaries include Porsche, Audi, Skoda and Seat — admitted in September 2015 that it had installed software to rig emissions in 11 million diesel vehicles worldwide.

No senior executive has been convicted so far in connection with the ‘dieselgate’ scandal in Germany Photo: AFP / RONNY HARTMANN

The so-called defeat devices made the vehicles appear less polluting

GM Has Yet To Close Nikola Deal After Fraud Allegations Against Startup’s Founder

September 30, 2020

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GM-Nikola-deal — Nikola founder and chairman Trevor Milton, left, with staff at the Nikola World conference in 2019.

Jordan Hudgens for Nikola Motor

General Motor
GM
s hasn’t closed its deal to take an 11% stake in Nikola, the startup maker of hydrogen- and battery-powered trucks, and continues to assess the situation following accusations that founder Trevor Milton lied about Nikola’s technology and misled investors.

“Our transaction with Nikola has not closed,” GM spokeswoman Julie Huston-Rough said. “We are in discussions with current Nikola management and will provide further updates when appropriate or required.”

GM and Nikola announced plans to work together on Sept. 8, triggering a 41% surge for shares of the newly public Phoenix-based company. Under the potential 10-year deal, Nikola would use GM’s new Ultium lithium-ion battery system and Hydrotec fuel cells, their first commercial application. GM is to “engineer, homologate, validate and manufacture” the Nikola-designed Badger pickup that’s

Tokio Marine Indonesia Implements Shift Technology To Fight Auto Insurance Fraud

September 29, 2020

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Shift’s Force Fraud Detection Solution to Support Insurer’s Overall Fraud Fighting Initiatives

PARIS and BOSTON, Sept. 29, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that PT Asuransi Tokio Marine Indonesia (“Tokio Marine Indonesia”) has deployed Shift Technology’s Force fraud detection solution. As a result, the technology will become a crucial element in the insurance carrier’s overarching fraud prevention strategy.

Shift Technology (PRNewsfoto/Shift Technology)

Tokio Marine Indonesia is one of the largest general insurers in the country. Guided by its core mission “To be a Good Company” and driven by values that put customer satisfaction as a main priority, the insurer was seeking a solution that could serve a dual purpose and not only spot suspicious claims, but also help give claims professionals more confidence in rapidly processing legitimate claims. Utilising this technology benefits the

JPMorgan pushes payment fraud protection for small business customers

September 28, 2020

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By David Henry

NEW YORK, Sept 28 (Reuters) – JPMorgan Chase & Co. JPM.N, the country’s largest lender, is stepping up payment fraud protections for its small and mid-sized business customers, which continue to be targeted by scammers – particularly amid the COVID-19 pandemic.

Four-in-five small and mid-sized companies say they were targets of payment fraud last year, but that could be reduced if businesses use more tools to detect suspicious payments early, JPMorgan executives told Reuters.

The bank’s new self-service “fraud hub,” being introduced on Monday, will allow them to set alerts for unusually large payments and control who gets paid. The service supplements the current system in which customers call the bank to set controls.

“Fraud is a major concern and can be devastating for businesses,” said Jennifer Roberts, chief executive of Chase Business Banking. “We want to provide them with safeguards that are easy to

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