Ohio Business Owner Sentenced to Prison for $425K Workers’ Comp Fraud

163

A federal judge has sentenced the owner of a now-defunct southwest Ohio payroll services company to six months in federal prison and a $10,000 fine after being found guilty of workers’ compensation insurance fraud.

John R. Cacaro, 59, owner of the now-closed Employers Choice Plus LLC, was found guilty of defrauding the Ohio Bureau of Workers’ Compensation (BWC) out of more than $425,000, the Ohio workers’ compensation insurance provider reported.
Under a sentence handed down by the President of the US District Court Michael H. Watson at the South Ohio State Court, Cacaro must also serve a one-year house arrest and a three-year audit.

The Ohio BWC said Cacaro was convicted in June on charges of radio and money laundering after discovering a plan in June that BWC and IRS researchers adapted to a short BWC on insurance premiums from employers and disbanded the difference. According to the BWC and the IRS, Cacaro used the money to buy a second home in Naples, Florida and also for a motor home.

After being convicted, Cacaro paid $ 425,247 for the return to BWC.

Founded in 1912, the Ohio Labor Indemnity Bureau provides worker compensation insurance to 242,000 public and private Ohio employers.

Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.