New York City's construction industry in 2011 alone cost the city and state approximately $500 million because employers misclassified the type of work their employees did for the purpose of paying workers' compensation premiums.
That was the essence of a report by a New York Supreme Court grand jury that examined applications for, and audits of, workers' compensation policies.
The fraud estimated was on a June 2013 report of the Fiscal Policy Institute and other estimates included in the grand jury report.
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