Insurance fraud, especially in relation to workers' comp policies, can lead company owners straight to prison. (Photo: Shutterstock)

On Nov. 3, Florida’s Chief Financial officer Jimmy Patronis and the Department of Financial Services (DFS) announced the recent arrest of Carlos Contreras, owner of DJC Builders & Construction.

According to DFS, Contreras allegedly obtained a fraudulent workers’ compensation policy by underreporting the company’s number of employees, annual payroll amount and scope of work. The allegedly false information let to Contreras avoiding payments of more than $1 million in premiums for an adequate workers’ comp policy.

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