New York Contractor Underreported Payroll by 89 Workers, DA Says

January 20, 2022

A Congers, New York, contractor has been arrested after he was indicted on insurance fraud charges for allegedly underreporting his payroll by 89 workers.

Anthony Frascone, 51, owner of Alpha-Omega, told his workers’ compensation insurance provider that his company had only one employee and a payroll of just $40,000, authorities said, according to a local news report. In reality, the firm had more than 90 workers and an $8 million payroll, the Rockland County district attorney said.

That meant that Frascone had avoided paying almost $1.5 million in comp insurance premiums to Travelers Insurance Co., prosecutors said. Travelers declined to renew his policy in 2017 and the man then purchased coverage through the Hartford, according to news outlet.

The Hartford canceled the policy three months later.

Frascone was arraigned in Rockland County Court last week and bail was set at $10,000 cash on a $100,000 bond.

Topics New York Contractors

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