A Rockville Centre man just pleaded guilty. Paul Moretti, 61 years old, admitted to a big insurance fraud scheme. This happened today, October 23rd. He cheated the workers’ compensation system for years.
Moretti owned a local construction company. His plea saves a long trial. This case shows how serious insurance fraud is. It impacts everyone.
Workers’ Comp Scheme Uncovered
Moretti’s fraud involved his payroll. He told insurance companies he had fewer workers. He also reported lower wages. This made his insurance bills much cheaper. It was a massive cheat on the system.
Many workers got paid cash. Their names were not on official records. This meant they were not covered. It put them at risk. Honest businesses face higher costs because of such schemes.
The scheme allegedly ran for over five years. Investigators worked hard on this case. They found solid evidence. It led to Moretti’s guilty plea today.
This kind of fraud hurts real people. It makes insurance more expensive for everyone. Do you know how workers’ compensation works? It helps injured employees get medical care and lost wages. Learn more about workers’ compensation laws here.
What Happens Next for Moretti?
Moretti admitted to grand larceny. He also pleaded guilty to insurance fraud. He now faces serious penalties. His sentencing is set for early next year.
* He could face prison time.
He must pay back all stolen money. This is called restitution.
The exact amount of restitution is still being set. It could be over $1 million.
This guilty plea is a big win for justice. It warns others who might try similar scams. Lawmakers often fight against this type of crime. The New York State Department of Financial Services has strong measures against fraud. Find out about insurance fraud prevention in New York.
This case affects local businesses. It ensures a fairer playing field. It protects workers too. When employers cheat, everyone loses. This outcome sends a clear message. Crime does not pay.
