Investigators from the California Department of Insurance Criminal Investigations Branch’s Fraud Division arrested a husband and wife recently for workers’ compensation premium fraud.
Richard and Janey Bonet were arrested at their home and booked into the West Valley Detention Center. Bail was set at $100,000 each and each has been charged with six counts of workers’ compensation premium fraud and one count of grand theft.
An investigation revealed that the Bonet’s, doing business as Steel Master, allegedly obtained a workers’ compensation policy through State Compensation Insurance Fund (SCIF) in December 1995 and the policy later was cancelled in April 2001 for failure to supply payroll records.
From January 1996 through April 2001, the Bonet’s allegedly underreported their total amount of payroll and misclassified employees to avoid paying the proper amount of workers’ compensation premium to SCIF.
The financial aspect of this investigation revealed a total of $567,794.34 in lost premium to SCIF due to the alleged false reporting.
Topics Fraud Workers' Compensation
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