fraud
Suit says Allstate cheated on claims
A whistleblower suit alleging that Allstate Insurance Co. defrauded taxpayers by overbilling the National Flood Insurance Program has been unsealed in federal court in New Orleans. The suit alleges that Allstate systematically overbilled the federal government in violation of the False Claims Act. Full article.
Eight tips to prevent employee theft and fraud
One of the most serious threats to the success of a small business is employee theft. A U.S. Chamber of Commerce survey reported that one-third of business bankruptcies are due to employee theft. There are, however, some things small business owners can do to help protect their businesses from employee theft and fraud. Full Article. Similar Article.
FTC Takes on Spam Dispensers
If you think you get too much spam, try visiting the second floor of the FTC building in Washington. That's where a computer server holds the world's largest collection of spam e-mail—314 million messages, with 200,000 more arriving every day. The FTC has steadily expanded its mandate to shield consumers from fraud and other deceptive business practices and is actively targeting threats to users of social networks and mobile devices. Full Article.
Last Minute Chance...
A limited number of openings are available for the Community Development Works one-day seminar: Limiting the Risk of Fraud and Minimizing Auditor Cost. The seminar will take place on Tuesday, September 22, 2009 at The Rapides Foundation Building in downtown Alexandria from 9 AM until 4 PM. It will be taught by Alexandria CPA Marvin Easley. The seminar has been sold out, but a handful of last-minute cancellations have created these openings. There is no cost for attending the seminar, but you must register in advance, and there is a cancellation fee.
Insurance Companies Fined For Unlawfully Dropping Healthcare Coverage
Rescission is the technical term for canceling coverage on grounds “that the company was misled,” and policy cancellation happens more than expected. In some cases, policy cancellation is unlawful. In California alone, five insurers paid almost $19 million in fines for marooning policyholders. Full MSNBC Article
