Business Owner Underreported Payroll by Almost $1 Million, State Says

A south Florida business owner has been charged with fraud after he underreported payroll to shave almost $200,000 off his workers' compensation premiums, authorities said. Santos Cardona, owner of YYCS Enterprises in Fort Myers, was arrested Thursday after investigators determined that he had more than $1 million in payroll but reported only about $59,000, according to a news release from the state Department of Financial Services. Cardona, 40, was released on a $30,000 bond. He has a trial date of March 9, the Lee County Sheriff's Office reported. If convicted, he faces up to 2...