Long gone are the days when we could watch the economy in other continents suffer while we sat immune.
April 18--FREEHOLD -- Charles Kelcy Pegler Sr., 56, of Spring Lake, president of Wall-based Roof Diagnostics Inc., admitted to providing false and misleading information to the business's workers' compensation insurance carrier to avoid paying hundreds of thousands of dollars in premiums.
Pegler pleaded guilty Thursday to third-degree insurance fraud before state Superior Court Judge Anthony J. Mellaci in Freehold. Mellaci scheduled Pegler's sentencing for June 6. Authorities originally charged Pegler on Dec. 19, 2013, according to a statement from the state Attorney General's Office.
Pegler's company, which employs roughly 400 people, was located at 608 Brighton Ave. in Spring Lake Heights at the time of the crime. Between June 11, 2003, and Oct. 5, 2009, Pegler deceived New Jersey Casualty Insurance Co., a subsidiary of New Jersey Manufacturers Insurance Co., into thinking his company did not operate as a roofing company, employ roofers or install, maintain and repair roofs. As a result, he paid $265,044 less in workers' compensation premiums.
Between Jan. 15 and Dec. 9, 2009, Pegler also deceived USF Insurance Co., now called Atain Insurance Co., into thinking that subcontractors performed his company's roofing and reroofing services. As a result, he avoided paying $134,087 in general liability insurance premiums.
Under the plea agreement, New Jersey will recommend that Pegler spend 180 days in county jail as a condition of five years' probation and pay $134,087 to Atain. Pegler previously paid full restitution to New Jersey Manufacturers.
Anthony Panissidi: 732-643-4284; email@example.com
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