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Austin, TX (CompNewsNetwork) - Texas Mutual Insurance Company announced today that a Travis County grand jury indicted Trans X Corp of Arlington and its owner-president, Cheryl Ann Bussey of Mansfield, Texas on workers' compensation fraud-related charges.
Trans X Corp provided temporary drivers to other companies. Texas Mutual alleges that between February 24, 2005 and November 6, 2005, Bussey intentionally gave Texas Mutual false information about her workforce in her applications for coverage and provided incomplete payroll records.
Because workers' compensation insurance premium is based, in part, on payroll, this type of scheme results in an employer being charged a lower premium than it actually owes. By hiding payroll, an employer can gain an unfair advantage over competitors.
Note: A grand jury indictment is a formal accusation – not a conviction – of criminal conduct.
About Texas Mutual Insurance Company
Austin-based Texas Mutual Insurance Company is the state's leading provider of workers' compensation insurance, with approximately 25 percent of the market. Since 1991, the company has provided a stable, competitively priced source of workers' comp insurance for all Texas employers. In 2008, Texas Mutual saved or recovered $4.1 million through its zero tolerance for fraud program.
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