Man Pleads Guilty to Defrauding The Hartford
A Somers, Conn. man has pleaded guilty to defrauding The Hartford Insurance Company of nearly $900,000 during a renovation project.
Federal prosecutors say 42-year-old Todd Olynciw entered the plea Wednesday in U.S. District Court in Bridgeport and had been charged with mail fraud and tax evasion.
He had been employed as a project manager by The Hartford and was responsible for overseeing office renovations.
Olynciw admitted that he received about $400,000 in illegal kickbacks for steering some of the work and transferring furniture to two individuals and six entities from 1998 through July 2005. Authorities say he failed to report the kickbacks on his personal income tax returns. The company lost $876,437 as a result of the scheme, prosecutors say.
Olynciw faces up to 25 years in prison when he is sentenced March 24.
- US Faces Growing Crisis Over High Traffic Deaths, NTSB Chair Says
- Survey: Majority of P/C Insurance Decision makers Say Industry Will Be Powered by AI in Future
- US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
- Changing the Focus of Claims, Data When Talking About Nuclear Verdicts