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February 2, 2016

Posted  February 2, 2016

New Jersey announced that two South Jersey corporations and five of their officials have been indicted in an alleged workers compensation fraud scheme that bilked nearly $600,000 from an insurance carrier. Supreme Asset Management Recovery (SAMR), an electronic recycling company in Lakewood, and The Amato Agency, LLC, an insurance agency in Neptune, along with the five officials, were indicted on second-degree charges of conspiracy, fraud and theft by deception for allegedly providing false and misleading information to obtain lower premiums on workers’ compensation insurance. According to the state grand jury indictment, the two companies and the five officials – misclassified SAMR’s warehouse workers as office staff on insurance applications to obtain much lower workers compensation premiums. NJ