A Travis County grand jury has indicted Larry Wallace of Wallace Insurance Agency and Ruben Perez of Artisan Masonry for insurance fraud. The case, decided on Jan. 26, first surfaced when The Texas Workers’ Comp Insurance Fund uncovered a “shadow” company owned by Robert Gladu, a construction contractor.
Gladu told The Fund that he only had one employee. In fact, his shadow company, Artisan Masonry, employed up to 100 employees. In December, Gladu pleaded no contest to felony charges of insurance premium fraud, paid $200,000 in restitution to The Fund and received a five-year probated sentence.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Kansas Man Sentenced for Insurance Fraud, Forgery 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears From This Issue
