A San Diego County Superior Court has sentenced Valley Center, Calif., businessman John Presley to three years formal probation and ordered him to pay $37,669 in restitution to California’s State Compensation Insurance Fund, which insures his business. Presley, 55, is the owner of JSP Construction Co., which provides ceiling installation.
The fraud was discovered through a State Fund audit of Presley’s business records after one of his employees reported a workplace injury. The audit uncovered records in which Presley reported he did not have any employees or payroll during the year audited. Additional audits found that Presley underreported payroll during a four-year period.
Topics Contractors
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
How Niche Insurance Shielded Bad Bunny From Bad Weather From This Issue
