Cape firm pleads guilty to workers' comp fraud

The president of a Hyannis construction company has pleaded guilty to workers' compensation insurance fraud, the office of Massachusetts Attorney General Martha Coakley said today.

Stephen V. Raleigh, 57, of S.V. Raleigh Corp. grossly under-reported the company's payroll to insurance auditors and defrauded the firm's insurance company and the Workers' Compensation Rating Inspection Board of more than $100,000 in workers' compensation insurance premiums, Coakley's office said.

Raleigh pleaded guilty in Barnstable Superior Court, and Judge Thomas Connon has scheduled the sentencing and a restitution hearing for Feb. 28, Coakley's office said.
(By Chris Reidy, Globe staff)