Worker Compensation |
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Workers Compensation Florida:
A Florida business owner is accused of evading paying nearly $200,000 in workers’ compensation insurance premiums over the course of a year, according to a statement from the Florida Department of Financial Services. Chief Financial Officer (CFO) Jimmy Patronis announced the arrest Feb. 6 of Santos Y. Cardona, owner of YYCS Enterprises, Inc., for workers’ compensation fraud after his company allegedly conducted more than $1 million in payroll but reported $59,000 on their workers’ compensation insurance policy.
An investigation by the DFS Bureau of Insurance Fraud discovered Cardona allegedly concealed payroll information to avoid paying higher workers’ compensation premiums. Based on financial records from a check-cashing store in Fort Myers, Fla., it was revealed that Cardona cashed over $1 million in payroll checks. Cardona later reported payroll of only $59,000 which is less than what he originally estimated to avoid paying $199,515 in worker |
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