Florida CFO charges employer with hiding payroll to dodge $1.09M in workers' comp premium
The Department of Financial Services alleges Jacques G. Denomme routed payroll through two money-service businesses over two years to understate exposure; he is charged, not convicted, and the case heads to the Martin County State Attorney.
By the Work Comp Brief automated newsroomGrounded in myfloridacfo.com
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Florida Chief Financial Officer Blaise Ingoglia has announced the arrest of Jacques G. Denomme in connection with an alleged workers' compensation premium-avoidance scheme, according to the Florida Department of Financial Services. The Department says Denomme was arrested on March 3, 2026, and the office disclosed the arrest in a March 16, 2026 announcement.
The Department alleges that, over a two-year period, Denomme used two money-service businesses to conceal payroll and failed to report significant payroll changes to his insurance company in order to avoid paying the full workers' compensation premiums due. By the Department's accounting, the conduct deprived the insurer of $1,090,504 in premium payments. These are allegations; Denomme has been charged and arrested but, per the announcement, has not been convicted, and is presumed innocent unless and until proven guilty.
The Department says Denomme is charged with organized scheme to defraud and with workers' compensation premium-avoidance fraud. The case was investigated by the Department of Financial Services' Criminal Investigations Division (CID), and prosecution falls under the jurisdiction of the Martin County State Attorney's Office, according to the announcement.
Quoting the CFO, the Department said the case is "deliberate fraud that hurts small businesses, their employees, and Florida insurance policyholders by driving up workers' compensation insurance premiums." Ingoglia added that his investigators are "actively working to stop those who orchestrate these types of large-scale fraud schemes." The announcement does not name the affected insurer, specify Denomme's industry, or state how the alleged scheme was identified.
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