Five Arrested in Alleged Scheme to Lower Comp Premiums

A New Jersey electronic recycling company, an insurance agency and five of their employees are accused of conspiring to provide false and misleading information to obtain lower workers' compensation premiums, the state Office of the Insurance Fraud Prosecutor announced Tuesday. A grand jury indicted Supreme Asset Management Recovery of Lakewood and The Amato Agency of Neptune on second-degree charges of conspiracy, fraud and theft by deception, the office said in a press release. The two companies and the five officials - including SAMR owner Albert Boufarah and Amato Agency owner Jos...