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Business Owners and Secretary Facing Prison For Lying to Wiggle Out of High Premiums

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Business Owners and Secretary Facing Prison on Workers’ Comp Fraud Charges

The owners of a drywall and painting company allegedly lied to their workers’ compensation insurer for nearly a decade in an attempt to lower premiums.

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The Ventura County District Attorney’s office recently arraigned the owners, along with the company’s secretary, on five felony counts of insurance premium fraud and two counts of conspiracy to commit insurance fraud. According to authorities, the three lied to their insurer to save an estimated $500,000, making it appear their employees were more experienced than they actually were. The three pleaded not guilty to all charges. Each defendant faces 12 years in state prison due to the fraud officials said. (workersxzcompxzkit)
Authorities said the defendants were also charged with a special enhancement for causing losses of more than $100,000. Under California’s “freeze and seize” law, the district attorney’s office froze $1.5 million of the defendants’ assets to preserve money for restitution and fines.

Author Robert Elliott, executive vice president, Amaxx Risks Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers’ Compensation costs, including airlines, health care, manufacturing, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. He can be contacted at: [email protected] or 860-553-6604.

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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers’ comp issues.

©2010 Amaxx Risk Solutions, Inc. All rights reserved under International Copyright Law. If you would like permission to reprint this material, contact Info@ ReduceYourWorkersComp.com.

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