In California, selling worker’s compensation insurance requires a license. The business practices of Marcus Asay and Antonio Gastelum would seem to justify such a requirement. On September 24, Asay, founder of a Fresno-area firm, American Labor Alliance, and Gastelum, a former principal officer of the alliance, were charged in U.S. District Court for the Eastern District of California in a 19-count superseding indictment for fraud and money laundering related to the sale of their financial products. In 2018 the California Department of Insurance had penalized the company and certain affiliates by more than $4.3 million. The latest action follows in the wake of an amended civil suit filed by a Fresno-area employer. The defendants are denying all wrongdoing. The charges follow a probe by the FBI, the IRS, the Social Security Administration and the Department of Labor.
American Labor Alliance (ALA), launched in 2007, doesn’t look like a union. But … Read More ➡