An unlicensed New York labor broker pleaded guilty Wednesday to two felony counts of insurance fraud and fraudulent practices in connection with a scheme to evade paying workers' compensation insurance premiums.
Salvador Almonte Jr. engaged in what prosecutors called an “extensive insurance fraud scheme” that resulted in the evasion of more than $1 million in premiums and left more than 100 construction workers underinsured.
Almonte, who will be required to pay $500,000 in restitution as part of the guilty plea, is scheduled to be sentenced in May.
According to authorities, ...
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