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Chief Financial Officer Jimmy Patronis today announced the recent arrest of Juan Jose Castro, owner of JACM Construction Corp., after his alleged attempt to operate a shell company with the sole intent of circumventing the state’s workers’ compensation laws. A “shell company” is an entity that conducts no significant business operations and can be used as vehicle to conduct fraudulent financial transactions, such as workers’ compensation fraud.
This Wednesday in Pensacola, the Department of Financial Services will co-host a community disaster preparedness workshop alongside the Office of Representative Frank White. As the Atlantic Hurricane Season heats up, it’s more important than ever for Floridians to be as informed and prepared as possible.
Chief Financial Officer Jimmy Patronis and the Department of Financial Services (DFS) today announced the recent arrest of insurance agent Claudia Estevez and Ariel Mora following an investigation led by DFS’ Bureau of Insurance Fraud. In an alleged attempt to evade a higher insurance premium for his assisted living facility (ALF), Estevez aided Mora by helping him submit a fictitious insurance application allowing Mora to fraudulently obtain a less expensive, inadequate insurance policy.

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