Investigators from the California Department of Insurance (CDI) Fraud Division and the Employment Development Department (EDD) arrested a San Francisco roofing contractor on three felony counts of workers’ compensation premium fraud and nine felony counts of payroll tax evasion.
Young Il Kim, 48, of Fremont, was arrested today and booked into the San Francisco County Jail. Bail was set at $100,000. If convicted, Kim faces up to 13 years in prison, $250,000 in fines and $113,000 in restitution.
The investigation revealed that Kim, owner of Noah Roofing, obtained a workers’ compensation insurance policy through the State Compensation Insurance Fund (SCIF) in June 1998. However, it is alleged that from April 1, 1998 through June 2000, Kim paid cash to employees to avoid paying the proper premium to SCIF and underreported his total payroll to EDD. The investigation revealed a total of $75,649 in lost premium to SCIF; a tax audit determined that wages paid to employees were underreported by $175,215.
The San Francisco District Attorney’s Office is prosecuting the case.
Topics Contractors
Was this article valuable?
Here are more articles you may enjoy.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
AI for the Defense: Should Insurers or Law Firms Pay? 
