The owner of a Tulsa construction company will pay $20,000 in restitution after pleading guilty to workers’ compensation fraud, according to Oklahoma Attorney General Drew Edmondson.
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.
Was this article valuable?
Here are more articles you may enjoy.
El Nino Is Here and Scientists Fear It’ll Bring Costly Heat, Floods, Droughts, Fires 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Viewpoint: The Danger of Relying on the Insurance of Others 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
