Salvador Almonte Jr. Pleaded Guilty to Evading Insurance Premiums, Must Pay $500,000 in Restitution
Manhattan District Attorney Alvin L. Bragg, Jr., New York City Department of Investigation Commissioner Jocelyn E. Strauber, and New York State Inspector General Lucy Lang today announced the sentencing of SALVADOR ALMONTE, JR., 42, an unlicensed labor broker, for carrying out an extensive insurance fraud scheme. ALMONTE underreported the size of his companies and lied to insurance carriers about the work being performed by his employees in order to evade more than $1 million in insurance premiums, leaving more than one hundred construction workers underinsured.
ALMONTE pleaded guilty on March 29, 2023, to Insurance Fraud in the Second Degree and Fraudulent Practices in violation of Workers’ Compensation Law. He was sentenced to five years’ probation and is required to pay $500,000 in restitution to the New York State Insurance Fund.
This case is part of the Office’s continued efforts to protect workers from predatory practices and unsafe work conditions. Agencies of the Construction Fraud Task Force joined to investigate this case.
“Salvador Almonte Jr. put workers’ lives at risk by lying to insurance companies and the State of New York. Instead of receiving the medical insurance and disability pay they deserved, his employees were left exposed and vulnerable because of his criminal conduct,” said District Attorney Bragg. “We will continue to work alongside our law...
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