A 54-year-old business owner pleaded guilty to issuing a false certificate of insurance claiming to have workers’ compensation insurance with the New York State Insurance Fund, according to the NYSIF.
NYSIF said that authorities arrested John Cappucci, of Levittown, New York, who owns and operates a cement business, in March and charged him with issuing a forged NYSIF certificate as proof of having workers’ compensation coverage.
Investigators said Cappucci produced the certificate in March 2004 as proof of coverage to obtain work from a NYSIF-insured contractor. The contractor was left with a financial loss as a result of the fraudulent certificate.
NYSIF has an electronic certificate of insurance system. Each NYSIF certificate has a unique validation number that helps prevent fraud.
NYSIF is a competitive insurance carrier that sells workers’ compensation and disability benefits insurance.
Source: NYSIF
Was this article valuable?
Here are more articles you may enjoy.
Atmospheric River to Hit Pac Northwest and California; Snow Could Impact Parts of Northeast And Great Lakes 
PE Firm Cornell Sued Over $345 Million Instant Brands Dividend 
Trump Team Targets Auto Mileage Rules He Blasted as ‘EV Mandate’ 
Allstate Thinking Outside the Cubicle With Flexible Workspaces 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.