Company Owner Suspected of $100,000 Workers' Compensation Fraud Scheme

Florida authorities arrested a construction company owner for allegedly underreporting his payroll to fraudulently lower his workers' compensation premiums. The state's Department of Financial Services announced on Tuesday the arrest of Israel Carballo, who is charged with grand theft, carrying out an organized scheme to defraud and workers' compensation fraud. Carballo allegedly hid $968,278.71 in payroll by using money services to cash checks totaling more than $1 million, DFS said. As a result, Carballo dodged $100,565.57 in insurance premiums, the state sa...