NEW YORK, NY – Manhattan District Attorney Alvin Bragg, Jr. announced on Thursday two indictments against Certified Public Accountant Steven Lyon for defrauding the New York State Insurance Fund (NYSIF) of over $10 million.
Lyon is accused of filing falsified payroll-related documents for workers of façade restoration and scaffolding companies, including ANAAR Construction & Contracting Corp. and its owner Sadaf Bhatti. He faces multiple counts of Insurance Fraud, Falsifying Business Records, and Forgery in a New York State Supreme Court indictment for this conduct.
Lyon engaged in similar fraudulent schemes with DNA Contracting LLC and Spring Safe & Sound Inc. District Attorney Bragg emphasized the importance of protecting workers and holding fraudulent actors accountable, stating that these alleged lies hurt the financial wellbeing of hardworking construction workers and left New York taxpayers on the hook for the bill.
The case against Lyon remains open and pending as authorities continue to investigate the extent of the fraudulent activities.