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CFO Jeff Atwater Announces First Meeting of the Money Service Business Workers’ Comp Fraud Work Group

8/24/2011

Contact: Alexis Lambert 
(850) 413-2842

WHO:      Money Service Business Workers’ Comp Fraud Work Group

WHAT:   First meeting of the Money Service Business Workers’ Comp Fraud Work Group

WHEN:   Thursday, Aug. 25, 2 to 5 p.m.

WHERE: Room 233, Fletcher Building, Tallahassee, Fla. 32399

Today, Florida Chief Financial Officer Jeff Atwater announced the first meeting of the Money Service Business Workers’ Comp Fraud Work Group.  At the Aug. 2 Cabinet meeting, CFO Atwater announced the creation of the work group to review the practices of certain bad actors in the check cashing services industry aiding in workers’ compensation premium fraud, which is putting pressure on rates and crippling the business community. 

“I am looking forward to working together to develop solutions for combating this growing crime trend,” said CFO Atwater.  “Bringing together stakeholders will take us one step closer to the solutions we need to expedite jail time for these con artists.”

The work group includes representatives from the CFO’s Division of Insurance Fraud as well as the Office of Financial Regulation, the Attorney General’s Office, and the construction and money services industries. The first meeting will include presentations from the CFO’s Division of Insurance Fraud, the Office of the Statewide Prosecutor as well as representatives from the insurance industry. 

The agenda for the first Money Service Business Workers’ Comp Fraud Work Group meeting is attached.  For more information about the work group or to report fraud, please visit www.MyFloridaCFO.com/sitePages/agency/sections/MoneyServiceBusiness.aspx.

Chief Financial Officer Jeff Atwater, a statewide elected official and officer of the Florida Cabinet, oversees the Department of Financial Services including the Division of Insurance Fraud.  CFO Atwater’s priorities include fighting financial fraud, abuse and waste in government, reducing government spending and regulatory burdens that chase away businesses, and providing transparency and accountability in spending.