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.
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