The sign for Hybrid Insurance Group, which could be seen in front of 30 Lewis St. (its headquarters) as recently as Monday, has been removed.
No one at Hybrid answered a call on the building’s intercom Monday. The sign was gone on Tuesday.
Sanford Cloud said he gave the state notice that he would evict the company, which did not pay its October rent. A 60-day notification is required because Hybrid received a $100,000 loan and $26,320 matching grant through Connecticut’s Small Business Express Program to move the company from Windsor to Hartford in 2012.
Sanford Cloud did not immediately return a call seeking comment Tuesday.
Hybrid and its chief executive officer, Earl O’Garro Jr., are being investigated for allegedly failing to pay $670,000 in premiums to two of the city’s insurance carriers. Federal authorities notified O’Garro that he is a target of a grand jury investigation, a source told The Courant.
O’Garro, 30, is also the subject of a probe by the state insurance and labor departments.
Sanford Cloud said a state marshal last week served Hybrid with a notice to quit. O’Garro had until Monday to pay rent or vacate, he said.
O’Garro had a three-year lease with the Clouds that began in January 2012. Records show O’Garro put down a security deposit of $7,650 for the space and paid $7,650 for his first month’s rent.