CFO Jimmy Patronis Declares Arrest in $88,000 Miami Employees’ Compensation Premium Fraud Scheme

05/07/2021

For immediate release: Friday, May 7, 2021 Contact: Office of Communications, [email protected], 850.413.2842

Chief Financial Officer Jimmy Patronis announces arrest of $ 88,000 in Miami employee bonus fraud program

MIAMI – Jimmy Patronis, Chief Financial Officer (CFO), announced today the arrest of Yoni O. Martinez, President and Owner of LAMX Construction Company Corporation, for employee compensation fraud and grand theft for allegedly concealing salary information to avoid paying more than $ 88,000 to avoid in employee compensation awards.

CFO Jimmy Patronis said, “I hope this arrest warns other criminals that they will be held accountable for fraud. As your CFO, I work every day to put an end to fraud in our state. Worker Compensation Fraud is increasing insurance tariffs for businesses across the state. I thank the hard work of my fraud detectives for bringing suspected criminals to justice. “

An investigation by the Investigative and Forensic Services Division (DIFS) of CFO Patronis, Bureau of Workers Compensation Fraud, found that the president and owner of LAMX Construction Company Corporation, Yoni Martinez, had actively concealed payroll to the Avoid paying higher employee compensation payments. Martinez requested an annual payroll of $ 119,150 from Southeast Personnel Leasing for the insurance periods from July 2014 through January 2017. Based on the estimated annual payroll, the estimated premium for the insurance period was $ 19,433. During the investigation, detectives found that the company was taking in more than $ 635,636 in workers than the $ 119,150 Martinez originally reported to Southeast Personnel Leasing when he obtained the policy. Had the payroll been properly reported, LAMX Construction Company Corporation would have received an employee compensation award totaling $ 107,549. This resulted in a net loss of $ 88,116.24 in employee compensation awards based on the alleged fraudulent actions of the owners.

Yoni O. Martinez was arrested on May 3, 2021 and admitted to the Turner Guilford Knight Correctional Center in Miami-Dade County. Martinez is charged with employee compensation fraud and grand theft. If convicted, he faces up to 20 years in prison. Individuals charged with a crime are presumed innocent until proven guilty.

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About Chief Financial Officer Jimmy Patronis Chief Financial Officer and State Firefighter Jimmy Patronis is a state-elected official and member of the Florida Cabinet that oversees the Financial Services Division. CFO Patronis works every day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support the state’s economic growth. Follow the department’s activities on Facebook (FLDFS) and Twitter (@FLDFS).

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May 07, 2021 at 5:53 pm GMT

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