Workers Compensation Insurance Fraud
Gary Linsey Slater of Harrogate, Tennesee was sentenced to nine years in prison for committing mail fraud and money laundering. Slater owned a company that leased employees to coal mining companies. He conspired to hide the number of employees employed through his company in order to reduce his workers compensation premiums.
The company employed over 100 miners, while he reported only 15 to the insurance companies. By hiding approximately 90% of the payroll, Slater reduced his insurance premiums by about $6 million.
In addition to the prison time, Slater must also repay $5 million to two insurance companies.
See how Sequence assists insurance companies with fraud investigations.
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