Ronald Salvatore Mauro, 64, of South Palm Beach, was arrested last week following an investigation by the Florida Department of Financial Services, Division of Insurance Fraud, according to officials.
Officials said the owner and operator of Ron Mor Drywall Inc. was arrested on a charge of workers’ compensation premium fraud for allegedly underreporting payroll to his workers’ compensation carrier to avoid more than $67,000 in premiums.
Mauro was booked into the Palm Beach County Jail and faces up to 15 years in prison, in addition to fines and restitution, if convicted.
The investigation, based on information provided by Zurich North America Insurance, the company’s general liability carrier, and Comprehensive Employers Insurance, (First Commercial Insurance), the company’s workers’ compensation carrier, found that Ron Mor Drywall failed to report more than $374,000 in payroll to Comprehensive Employers Insurance during the 2002 policy period.
Investigators said had Mauro correctly reported his payroll, the company would have been assessed $67,501 as premium owed for workers compensation coverage for the 2002 audit period.
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