The president of Roof Diagnostics Solar has been indicted for allegedly stealing more than $265,000 by providing misleading information to the company's workers' compensation insurance carrier, according to the state attorney general's office.
The indictment claims that Charles Kelcy Pegler Sr., president of the Wall-based company, lied about the nature of his company from June of 2002 to October of 2009, claiming it did not perform any roof work, nor did it employ any roofers.
Because of those claims, the company, which ranked No. 5 on NJBIZ's 2013 list of the 50 fastest growing companies in the state, paid far less in workers' compensation insurance premiums than it should have, according to the AG's office.
"This defendant had a legal responsibility to provide adequate and lawful workers' compensation coverage for employees," Acting Attorney General John Hoffman said. "By providing misinformation to his workers' compensation carrier, he not only failed in this responsibility but also defrauded an insurance company out of hundreds of thousands of dollars. The cost of such fraud is passed on to consumers through increased premiums."
The indictment has left Pegler Sr. "shocked," according to a statement from Roof Diagnostics Solar issued late Friday evening.
"He has built his career as well as his company, Roof Diagnostics, on integrity," the statement continued. "He has retained counsel and looks forward to seeing this process through and clearing his name."
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