Business Owner Pleads Guilty to Premium Fraud

The owner of a New York iron and erecting company pleaded guilty Tuesday to underreporting payroll in order to fraudulently reduce his workers' compensation premiums, the Nassau County District Attorney's Office announced. Mahendranauth Khargie, 36, and his company, GC Stud Inc., pleaded guilty to a felony count of insurance fraud. The company also pleaded guilty to one count of failing to secure workers' compensation. Prosecutors said Khargie and his company underreported payroll by more than $3.5 million over three policy periods between April 2019 and March 2022.  &...