CONSTRUCTION CO. OWNER TO PAY $20K
The owner of a Tulsa construction company will pay $20,000 in restitution after pleading guilty last week to workers’ compensation fraud, Attorney General Drew Edmondson said.
William R. King, 41, was sentenced June 29 to a two-year deferred sentence and ordered to pay $20,000 restitution, a $1,000 fine, as well as a victim compensation assessment and court costs. King, the owner and manager/construction coordinator of W.K. Construction Inc., was charged March 24 in Tulsa County District Court. King also did business as King Construction.
According to the state’s complaint, King defrauded CompSource Oklahoma by concealing important information on his application for workers’ compensation insurance.
King was accused of concealing information regarding the true number of employees and the full nature of his business operations. By concealing this information, King could lower the risk associated with his coverage, thereby lowing his premiums.
This case is the result of a joint investigation and prosecution by the attorney general’s Workers’ Compensation Fraud Unit and CompSource Oklahoma. King’s restitution payment will be made to CompSource.
- Man Sentenced for Flashing Three Insurance Agencies in Georgia
- Apollo Sees Echoes of Collapse of SVB in US Insurance’s Shift to Caymans
- Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe
- Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims