Premium Fraud Indictments

A Travis County grand jury recently indicted Premrock Commercial Drywall Ltd. Co., Timothy Castonguay of Arlington and Carlos Aguilar of Ft. Worth on workers’ compensation fraud-related charges.

Castonguay and Aguilar own and operate Premrock Commercial Drywall Ltd. Co., a Dallas- area drywall contractor. The indictments allege that the individuals intentionally misrepresented the payroll of Premrock Commercial Drywall Ltd. Co. between December 26, 2006, and May 14, 2007. The misrepresentation allowed the company to fraudulently obtain lower premiums from Texas Mutual.

Workers’ compensation insurance premium is based, in part, on payroll. An employer who intentionally underreports payroll is charged a lower premium than it actually owes. By fraudulently concealing or underreporting payroll, an employer gains an unfair advantage over competitors.

If you’re interested in learning more about the fight against workers’ comp fraud, visit the Fighting Fraud section of our website.  It includes fraud articles, red flags for fraud and copies of our FraudStoppers posters in English and Spanish.

Note: A grand jury indictment is a formal accusation, not a conviction, of criminal conduct.

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2 Responses to Premium Fraud Indictments

  1. combsdrywall says:

    Blogs are so informative where we get lots of information on this topic. Nice job keep it up!!
    Nice blog on Drywall contractor company Livonia.
    Keep sharing more & more…..

    Like

  2. Pingback: Workers' Comp Fraud Blotter (8/4/2011) – Lawyer Found Dead In His Garage After Accusations of Stealing From Clients

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