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.
11 New Firms Join Insurance Journal’s Top 100 Independent Agencies 
At-Bay to Be Acquired by Munich Re for $575 Million 
Picasso Etching Stolen From Wisconsin Art Gallery Found in Vacant Apartment 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review From This Issue
