Company Accused of Unlicensed Comp Sales Now Facing Fraud Charges

A company that is already facing more than $4 million in fines for allegedly violating a California Department of Insurance order to stop the unlicensed sale of workers’ compensation coverage has also been accused of fraud, along with its owner and chief operating officer. A federal grand jury last week handed down a 14-count indictment charging Marcus Asay, co-founder and the controller of the American Labor Alliance, and Antonio Gastelum, the company’s COO, with money laundering, mail fraud and conspiracy to commit mail fraud. The grand jury claims Asay, Gastelum ...