Florida Construction Owner Accused of Not Paying $95K in Workers’ Comp Premiums

A construction company owner was arrested last month for workers’ compensation premium fraud after allegedly concealing payroll information to avoid paying more than $95,000 in workers’ compensation premiums.

According to the Florida Department of Financial Services (DFS), Everardo Borettini, the owner of EFC Construction Corp., allegedly concealed payroll information to avoid paying higher workers’ compensation premiums.

The investigation by the DFS Bureau of Investigative and Forensic Services, Division of Workers’ Compensation Fraud discovered Borettini revealed that EFC Construction Corporation allegedly conducted more than $1.5 million in payroll during the policy period but Borettini originally reported an annual estimated remuneration of $68,648 in payroll on their workers’ compensation insurance policy, effectively avoiding more than $95,000 in workers’ compensation premiums.

Borettini surrendered himself to fraud detectives on September 24 and was booked into the Turner Guilford Knight Correctional Center in Miami-Dade County. Borettini faces charges of workers’ compensation premium fraud, grand theft and organized scheme to defraud. If convicted, he faces up to 25 years in prison. Individuals charged with a crime are presumed innocent until proven guilty.

“Businesses having the appropriate coverage for their employees is extremely important and avoiding carrying adequate workers’ compensation insurance is a crime, placing injured workers at risk and ultimately inflating insurance rates for honest businesses,” said Florida CFO Jimmy Patronis, who oversees DFS. “I appreciate the outstanding work of our dedicated insurance fraud detectives and urge anyone that suspects insurance fraud to report it to FraudFreeFlorida.com.”

Source: Florida Department of Financial Services

Topics Florida Fraud Workers' Compensation Construction