WCB Sues Self-Insurance Trust Trustee for $12M

The New York state Workers’ Compensation Board has sued a former trustee of an insolvent group self-insurance trust to recover nearly $12 million, charging that he fraudulently induced construction companies to pay premiums to the trust.The complaint filed Jan 13 in the Supreme Court in Albany names Philip LaRocque as the sole defendant and argues that he should repay the Builders’ Self-Insurance Trust’s entire deficit.The WCB is currently responsible for covering that red ink, which forensic accountants once pegged at more than $20 million but later reduced to $11.98 million...