Call or email us anytime
(805) 484-0333
Search Guide
Today is Sunday, May 22, 2022 -

News Articles

Report: Contractor Charged With Payroll Fraud

  • State: New York
  • Topic: NORTH
  • - Popular with: Legal

A New York contractor was indicted on suspicion of underreporting payroll to illegally reduce his workers’ compensation premiums, according to a report by the Rockland/Westchester Journal News.

Anthony P. Frascone, 51, the owner and principal of Alpha-Omega construction company, was arraigned Jan. 13.

He allegedly claimed he was operating a real estate company with only one employee and $40,000 in payroll when applying for workers’ compensation coverage for the period from November 2016 to November 2017.

Prosecutors said Frascone employed more than 90 people with a payroll of more than $8 million for construction. As a result of the alleged misrepresentation, the $403 premium he paid for coverage should have been $1.49 million.

Frascone allegedly reported a single worker and payroll of $45,000 when seeking a comp policy from November 2017 to November 2018. His premium of $328 should have been more than $1 million for the full year if he accurately reported payroll, according to the report.

Lawrence Garvey, an attorney for Frascone, said his client denies all charges and does not believe he acted with any criminal intent.

No Comments

Log in to post a comment


Do not post libelous remarks. You are solely responsible for the postings you input. By posting here you agree to hold harmless and indemnify WorkCompCentral for any damages and actions your post may cause.


Upcoming Events

  • Dec 9, 2021 – Sep 9, 2022

    BI 2021 Women to Watch Awards

    The Business Insurance Women to Watch Awards is the only recognition program that celebrates leadi …

  • Jun 8-10, 2022

    CCWC Annual Conference

    Experience the magic of CCWC and Disney once again. The last two years have been challenging, and …

  • Jun 27-29, 2022

    2022 Texas Workers' Compensat

    The workers compensation industry is undergoing a dynamic shift, a shift in how we define work, a …

Workers' Compensation Events

Social Media Links

c/o Business Insurance Holdings, Inc.
PO Box 1010
Greenwich, CT 06836
(805) 484-0333