Earl O'Garro, president and CEO of Hybrid Insurance Group in Hartford and the subject of a federal investigation, has been arrested and accused of failing to pay his employees.
Earl O’Garro, Jr., the president and CEO of Hartford’s Hybrid Insurance Group who is the subject of a federal investigation after $670,000 in insurance premiums went unaccounted for, is facing charges for allegedly failing to pay his employees.
O’Garro was arrested Jan. 13 and is charged with five counts of failure to pay wages. Police said he turned himself in at the Troop H barracks in Hartford and was released on a $1,500 bond.
Hybrid Insurance began working as a broker for the city of Hartford at the end of Feb. 2012. According to an Audit Committee review, in July, O’Garro received a call from Hartford City Treasurer Adam Cloud telling him two insurance payments were late and about to default.
The state Insurance Department has filed an 11-count complaint against O’Garro.
Hybrid also defaulted on more than $350,000 in state loans. In November, the company was evicted from its office at 30 Lewis Street in Hartford.
O’Garro, a Wesleyan graduate, told the NBC Connecticut Troubleshooters in November that he knows where the money ended up and will be able to show investigators if and when he is asked.
This summer, the Hartford Mayor’s Office, City Council and Board of Education were subpoenaed for all records pertaining to dealings with O’Garro and Hybrid Insurance.
O’Garro was arrested following domestic disputes in November and charged with two counts of disorderly conduct, third-degree assault and second-degree threatening.