Concerns persist after contractors cite lost premiums on fraudulent bonds

08/21/2013 | Engineering News-Record

Contractors and subcontractors in at least two states say they have been defrauded of surety-bond premiums paid to a Chicago-based broker with ties to individual sureties that have been the subject of scrutiny by regulators and investigators. Questions persist over the sureties' alleged links to a man who goes by various names and has served time for fraud, documents show.

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