A New York state trucking company that transports mail for the U.S. Postal Service has been accused of underreporting its payroll by $2.2 million.
According to the New York State Insurance Department, Eagle River Inc. was arraigned on Thursday, June 12, on charges of falsifying business records and fraud. Eagle River is based in the Albany suburb of Colonie.
The company allegedly falsified its payroll between November of 2003 and November of 2006 by underreporting wages, which are a factor in determining workers’ compensation premiums. Insurance Department officials contend the company cost the state’s insurance fund more than $300,000 dollars in lost workers’ compensation premiums.
The company employs about 35 drivers, but no individuals were named in the charges. The case has been referred to Albany County Court. No hearing has been scheduled.