Life insurance, annuities and securities fraud in any form is a crime. In many states, this fraud is a felony, punishable by imprisonment. Fraud results in increased rates for everyone and higher prices for consumer goods and services.
Lincoln Financial Group is committed to detecting, reporting and prosecuting anyone who commits fraud against our customers and stockholders. We created this section to provide you the opportunity to help fight fraud by reporting suspected fraud directly over the Web. Help Lincoln Financial Group keep your insurance and investment costs as low as possible!
Do you have information about a suspicious incident?
To inform us, please complete our online confidential suspicious incident referral form.
What is fraud?
Insurance fraud is generally defined as any act or omission knowingly committed by a person with the intent to obtain a benefit by deceiving an insurer. Insurance fraud may consist of presenting false information on an insurance or annuity application, in support of a claim for benefits, or in exercising any other right or benefit provided by an insurance policy or annuity contract.
Securities fraud under the 1934 Securities Act states, "it is unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, the mails or any facility or any national securities exchange, to employ any device, scheme, or artifice to defraud; to make any untrue statements of a material fact or omit to state a necessary material fact; or to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security."
Fraud may also involve financial exploitation of older persons (ages 60 or older) or adults with disabilities. Financial exploitation involves the improper use of funds of a capable, older person or of an adult with a disability, or the improper use of his or her property or resources by another individual. Such exploitation may include misrepresentations, embezzlement, conspiracy to commit fraud, falsification of documents or records, coercion, fraudulent transfer of property, or denial of access to assets.
Examples of fraud
- Job recruitment scams conducted via online chat rooms, where the interviewer avoids meeting in person or speaking over the telephone and attempts to send counterfeit checks and/or equipment to the applicant’s address.
- A vendor submitting false or inflated bills and invoices
- Insider trading — buying or selling stocks of a company based on knowledge of any non-public information, or passing such information to someone who trades in stock
- Making exaggerated, false or misleading statements about medical history, date of birth, driving habits, criminal history, height, weight or smoking habits on an application for insurance or any other financial product
- Misrepresenting or abusing accounts, such as conducting unauthorized transactions or not acting on authorized instructions
- Money laundering or attempting to disguise the proceeds of illicit activities
- Submitting false or exaggerated insurance claims
- Violation of consumer's and customer's confidentiality to obtain benefits under false pretenses.
How can you help?
The suspicious incident referral form is provided for your use and is helpful to us in pursuing your tips. You may remain anonymous and all information provided will be kept strictly confidential. However, if you remain anonymous, we will not be able to contact you if we need further information. Our company has a long-standing commitment to protecting the security and confidentiality of information.
Please note that this is a secured Web page; however, if you’re not comfortable with transmitting information over the Internet, you can print out a copy of this form and send by regular mail to:
- Lincoln Financial Group
- ATTN: Special Investigation Unit Coordinator
- 1300 South Clinton Street, 7C01
- Fort Wayne, IN 46802