An Acrimonious Split With Scarborough Individual Surety
Steven Golia, a key employee of Edmund C. Scarborough’s controversial IBCS Fidelity individual surety bond business, says he has been terminated by IBCS and has filed a lawsuit seeking money he claims he is owed.
The information is contained in Golia’s April lawsuit in federal district court in Philadelphia. In it, Golia provides details of his compensation and dealings with Scarborough and Charlottesville-based IBCS Fidelity.
According to Golia’s complaint, during his employment from 2008 to 2012 and in the months until December 2013, when he was an independent contractor, Golia claims Scarborough failed to pay commissions and salary adding up to $130,000.
Starting in 2012, when Scarborough terminated Golia’s employment and instead used him as a non-employee sales representative, Golia claims he completed 10 surety bond transactions with a value of $17.6 million, entitling him to commissions of $111,000.
IBCS failed to pay the commissions, claims Golia.
“IBCS terminated its contract with the Plaintiff on or about December 19, 2013,” says his lawsuit.
Neither Golia nor Scarborough could not be reached for a comment.
Golia’s online resume indicates that he had been operating his own business.
On his website, he states that he had sold a business to McIntyre Risk Management, which was subsequently acquired by Arthur J. Gallagher & Co. That led to a controversy that ended with Gallagher and Golia parting ways.
The lawsuit gives Scarborough’s name as Edward, not Edmund. It also names Scarborough’s wife and partner, Yvonne, as a defendant.