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CA: Contractor Pleads Guilty to Insurance Fraud, Pays Over $150,000 in Victim Restitution


04/11/21
WorkersCompensation.com
Ventura, CA (WorkersCompensation.com) - District Attorney Erik Nasarenko announced today that James Wood (DOB 04/11/72), of Simi Valley, pled guilty to two felony counts of workers compensation insurance fraud. At the time of his guilty pleas, Wood paid full restitution to the victim insurance carrier State Compensation Insurance Fund (SCIF) in the amount of $151,891.
Wood, a contractor, admitted to misrepresenting his total payroll and number of employees between 2015 and 2017, to fraudulently obtain lower workers compensation insurance premiums, defrauding SCIF of $151,891.
The Ventura County District Attorney s Workers Compensation Fraud Unit vigorously investigates and prosecutes insurance fraud in Ventura County. Workers compensation premium fraud is not a victimless crime, it results in inflated costs to insurance carriers that are passed along to other law-abiding employers and, ultimately, to consumers. Perpetrators of ....

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