Unlicensed Labor Broker Pleads Guilty to Comp Insurance Fraud

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, ...