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Cipriani VP Indicted For Stealing $90,000 From Social Security
By Chad Bray Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- A vice president of the company that operates Rockefeller Plaza's famous Rainbow Room has been charged with defrauding three insurers of more than $1 million in disability payments, state prosecutors said Thursday.
In a press release, Manhattan District Attorney Robert M. Morgenthau said Dennis Pappas, vice president of Cipriani USA, applied for and received disability insurance payments from three insurers and the Social Security Administration from June 2000 through July 2006, even though he wasn't disabled.
The district attorney said Pappas, 59 years old, of Manhattan, continued to work for Cipriani when he was receiving the disability benefits, earning more than $891,855 from the company during that period.
Prosecutors have alleged that Pappas defrauded Custom Disability Solutions, a unit of Delphi Financial Group Inc. (DFG), of more than $1.08 million; Cigna Life Insurance Co. of New York, a unit of Cigna Corp. (CI), of more than $290,000; and MetLife Insurance Co., a unit of MetLife Inc. (MET), of more than $180,000.
Morgenthau also alleges that Pappas concealed his employment from the Social Security Administration and fraudulently received more than $90,000 in benefits.
At the same time, Pappas also has been charged with falsifying an application for a cabaret license with the New York City Department of Consumer Affairs. Prosecutors have alleged that Pappas lied about a prior conviction in 1998 on income-tax evasion and racketeering charges in filing out the application.
A lawyer for Pappas wasn't immediately available for comment on Thursday.
In addition to the Rainbow Room, Cipriani owns and operates Cipriani on Wall Street, Dolci at Grand Central Station and a number of other restaurants in Manhattan.
A representative for Cipriani USA declined comment Thursday.
-By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com
posted by News at 6:04 AM
By Chad Bray Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- A vice president of the company that operates Rockefeller Plaza's famous Rainbow Room has been charged with defrauding three insurers of more than $1 million in disability payments, state prosecutors said Thursday.
In a press release, Manhattan District Attorney Robert M. Morgenthau said Dennis Pappas, vice president of Cipriani USA, applied for and received disability insurance payments from three insurers and the Social Security Administration from June 2000 through July 2006, even though he wasn't disabled.
The district attorney said Pappas, 59 years old, of Manhattan, continued to work for Cipriani when he was receiving the disability benefits, earning more than $891,855 from the company during that period.
Prosecutors have alleged that Pappas defrauded Custom Disability Solutions, a unit of Delphi Financial Group Inc. (DFG), of more than $1.08 million; Cigna Life Insurance Co. of New York, a unit of Cigna Corp. (CI), of more than $290,000; and MetLife Insurance Co., a unit of MetLife Inc. (MET), of more than $180,000.
Morgenthau also alleges that Pappas concealed his employment from the Social Security Administration and fraudulently received more than $90,000 in benefits.
At the same time, Pappas also has been charged with falsifying an application for a cabaret license with the New York City Department of Consumer Affairs. Prosecutors have alleged that Pappas lied about a prior conviction in 1998 on income-tax evasion and racketeering charges in filing out the application.
A lawyer for Pappas wasn't immediately available for comment on Thursday.
In addition to the Rainbow Room, Cipriani owns and operates Cipriani on Wall Street, Dolci at Grand Central Station and a number of other restaurants in Manhattan.
A representative for Cipriani USA declined comment Thursday.
-By Chad Bray, Dow Jones Newswires; 212-227-2017; chad.bray@dowjones.com
posted by News at 6:04 AM
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