Business owner gets 3 years in prison for insurance scam
TOMS RIVER -- The owner of an electronic recycling warehouse was sentenced Monday to three years in prison for orchestrating a $600,000 scam in which he lied about the type of work his employees did to obtain cheaper workers' compensation rates.
Albert Boufarah, 50, of Toms River, the owner of Supreme Asset Management Recovery in Lakewood, was also fined $100,000, the state attorney general's office said in a statement.
Boufarah said most of his employees performed clerical functions, though the majority worked in a warehouse.
In reality, they did jobs such disassembling and refurbishing televisions, computers and other electronic devices. Insurance premiums are higher for those workers, the Office of Insurance Fraud Prosecutor said.
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