A San Diego County Superior Court has sentenced Valley Center, Calif., businessman John Presley to three years formal probation and ordered him to pay $37,669 in restitution to California’s State Compensation Insurance Fund, which insures his business. Presley, 55, is the owner of JSP Construction Co., which provides ceiling installation.
The fraud was discovered through a State Fund audit of Presley’s business records after one of his employees reported a workplace injury. The audit uncovered records in which Presley reported he did not have any employees or payroll during the year audited. Additional audits found that Presley underreported payroll during a four-year period.
Topics Contractors
Was this article valuable?
Here are more articles you may enjoy.
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 


