Sacramento construction company owner busted for insurance fraud

Sacramento construction company owner busted for insurance fraud

William Huffman booking photo

SACRAMENTO — 47-year-old William Huffman of Sacramento has been arrested on nine felony counts of workers’ comp insurance fraud and tax evasion. According to the CA Department of Insurance media release, total losses in this case reach over $180,000.

It is alleged that Huffman underreported over $750,000 in payroll to avoid paying premiums on workers’ comp for dozens of employees. When an insurer notified the Department of Insurance after finding discrepancies in the reports, the department commissioned a forensic audit of the company’s bank records which in turn revealed the alleged fraud.

Huffman had apparently been paying employees under the table and classifying some payroll checks as business expenses such as supplies and materials.

“Employers who commit workers’ compensation insurance fraud cheat the system, leaving their employees at risk and clients vulnerable to financial disaster,” said Insurance Commissioner Dave Jones in the department media release.

Huffman was booked into Sacramento County Jail with bail sat at $100,000.

Sacramento construction company owner busted for insurance fraud was last modified: January 19th, 2016 by admin
Categories: Sacramento

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

This site uses Akismet to reduce spam. Learn how your comment data is processed.