A $1 million workers’ compensation fraud scheme in Florida was uncovered.
Florida Chief Financial Officer Blaise Ingoglia recently announced the arrest of Jacques G. Denomme following the $1 million workers’ compensation fraud scheme.
The arrest was made by the Department of Financial Services Criminal Investigations Division (CID) after Denomme allegedly tried to avoid paying higher workers’ compensation premiums by hiding payroll information.
“A scheme to commit fraud of this magnitude is no minor offense,” Florida CFO Blaise Ingoglia said. “This is deliberate fraud that hurts small businesses, their employees, and Florida insurance policyholders by driving up workers’ compensation insurance premiums. This guy got greedy, but now he’s getting booked. My investigators are actively working to stop those who orchestrate these types of large-scale fraud schemes and put them behind bars.”
Allegedly, Denomme used two money service businesses to hide payroll and failed to notify his insurance company of significant payroll changes. For two years, Denomme engaged in a scheme to avoid paying the full workers’ compensation premiums due.
He deprived the insurance company of $1,090,504 in premium payments and failed to protect his employees.
Jacques G. Denomme was arrested and charged with organized scheme to defraud and Workers’ Compensation premium avoidance fraud. Prosecution of this case falls under the jurisdiction of the Martin County State Attorney’s Office.
The Department of Financial Services encourages anyone with knowledge of fraud to report it at FraudFreeFlorida.
Florida Chief Financial Officer (CFO) and State Fire Marshal Blaise Ingoglia serves as the state’s top financial watchdog, a member of the Florida Cabinet, and the head of the Florida Department of Financial Services.
