Construction labor broker convicted of Workers’ Compensation insurance fraud
Consolidated NY Services Inc. of Brooklyn, a labor broker in the construction industry in New York City, pleaded guilty recently to one count of Insurance Fraud in the Second Degree, a class C felony.
Consolidated was convicted of falsifying an application for workers’ compensation insurance that was submitted to the New York State Insurance Fund (NYSIF), which has a mission of providing affordable workers’ compensation insurance to New York employers.
As part of the negotiated plea, the company was promised a conditional discharge upon payment of $75,000 to NYSIF, the amount of the fraud.