Real estate company

Lakewood Real Estate Company Owner Charged With Fraud, Theft

The owner of a property improvement business in Lakewood has been accused of allegedly running a program in which he allegedly provided false payroll information to the New Jersey Manufacturers Insurance Group in an attempt to get lower premiums on his coverage Workers’ Compensation Claims Acting New Jersey Attorney General Andrew J Bruck and the Insurance Fraud Prosecutor’s Office announced Monday.

Listen to Vin Ebenau’s Mornings on Townsquare Media Jersey Shore radio stations, email him advice here, and download our free app.

Zechariah Greenspan, 37, is the owner of Mulberry Management, LLC (“Mulberry Management”) in Lakewood.

Greenspan has been accused of making fictitious and misleading statements to NJMIG in order to reduce the amount of bonus he is legally required to provide to his employees.

AG Bruck said in the indictment Greespan committed insurance fraud with NJMIG at least five times between July 2016 and March 2018, when he submitted false documents, made false or misleading statements and omitted material facts, “which misrepresented the amount of wages which Mulberry Management paid to its individual uninsured subcontractors, and which Mulberry Management had paid to an insured subcontractor – ZG Holdings, LLC (” ZG Holdings “), which it also owns – for subcontractor work. “

He made several efforts not to provide his employees with adequate premium insurance coverage by trying to reduce it with the insurance company.

Greenspan would under-report his payroll to individual uninsured contractors, “and by submitting false records indicating that Mulberry Management paid ZG Holdings for the contract work and that ZG Holdings had accident compensation coverage sufficient labor for said job, when in fact he knew that Mulberry Management did not pay ZG Holdings for the subcontracted work and / or that ZG Holdings did not have sufficient accident insurance labor for said job. “

Charged with misconduct by a business executive for using Mulberry Management and / or ZG Holdings to commit his crimes and is convicted of second degree felonies, Greenspan is considering a sentence of five to 10 years in state prison and a criminal fine of up to $ 150,000.

New trends now

Main news articles on the Jersey Shore.

Source link