NYC Steel Company To Return $6M in Stolen Wages to Welders, Ironworkers in Plea Deal
AGL Industries , which is based in Maspeth , cheated 500 workers out of overtime and other wages between 2013 and 2017, and underreported its payroll to the state labor department according to a plea agreement announced by Gov. Cuomo Tuesday .
Cuomo's office is calling the plea the largest single wage recovery in the state Department of Labor's 115-year history.
AGL Industries and its principal, Dominick LoFaso , agreed to plea guilty to felony grand larceny, and the company will pay back the wages over five years, starting with a $1.5 million payment on Aug. 13 . The Manhattan D.A.'s office is recommending a conditional discharge, with no jail time, for LoFaso.
The plea agreement stems from a joint probe by the state Labor Department and the Manhattan D.A.'s Construction fraud Task Force .
"We have absolutely zero tolerance for any business that exploits workers and robs employees of hard-earned wages -- period," Cuomo said Tuesday.
Ironworkers Local 361 , the union that helped expose the wage theft, praised the investigators in a statement.
"Through the efforts of the Construction Fraud Task Force , as well as the great team at the Department of Labor , one of the bad players in the construction field is being brought to justice," said Matthew Chartrand , the union's business manager.
AGL's lawyer did not immediately return a message seeking comment.
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