Florida Chief Financial Officer Jeff Atwater today announced the recent arrest of Raimundo Hernandez-Argueta, owner of Naples construction company Complete Framing Professionals (CFP). Following a joint investigation by the Department of Financial Services’ (DFS) Division of Insurance Fraud and Division of Workers’ Compensation, Hernandez was arrested on fraud charges for allegedly misrepresenting information regarding CFP’s employee operations and payroll when applying for a workers’ compensation policy. By doing so, Hernandez avoided at least $700,000 in workers’ compensation premium payments. Workers’ compensation policies protect employees in the event of an on-the-job injury and if proper policies are not in place, injured employees could be faced with lost wages and costly medical expenses to cover.
Ocala resident Matilda Council got an $8,784.12 surprise from the State of Florida: a check for unclaimed property that she didn’t know existed.
She’s not alone. Nearly $3 billion in unclaimed property has been returned to Floridians since the state’s unclaimed property initiative began in 1961.
The Florida Department of Financial Services, Division of Insurance Fraud, which operates under the direction of Chief Financial Officer Jeff Atwater, today announced the recent conviction and sentencing of former Orlando insurance agent Mario Ferreri. Earlier this year, Ferreri faced trial on fraud charges after being accused of stealing more than $1 million in insurance premium payments from his clients. Ferreri was convicted, sentenced to serve seven years in prison and ordered to pay back nearly $1.3 million in restitution.