Trucking Company Charged With Workers' Comp Fraud
11/17/2008A trucking company from upstate New York has been accused of underreporting its payroll by $2.2 million, costing the New York Insurance Fund over $300,000 in lost premiums for workers’ compensation.
According to the Insurance Department of New York, Albany, New York-based Eagle River Inc. was recently arraigned on charges of falsifying business records and committing a fraudulent practice.
The agency says that between November of 2003 and November of 2006, Eagle River’s payroll was falsified through the company underreporting wages, which is one of the factors used when determining premiums for workers’ comp.
According to officials, the underreporting was discovering during an audit of Eagle River’s payroll.
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