This Tuesday, a California insurance broker pleaded guilty to grand theft and insurance fraud charges for scamming nearly $5 million from multiple companies. Other charges included transacting as an insurance business without a certificate of authority, tax fraud, forgery, premium fraud, and grand theft by embezzlement. The insurance broker sent out false certificates of insurance to four different companies with employees numbering over 75,000 combined.

This kind of fraud if more malicious than most, as it leaves legitimately injured workers unaware that they will not be able to claim benefits. Insurance Commissioner Steve Poizner stated that any defendant who scams millions of dollars to support their own extravagant lifestyle deserves prison time.

Have you been a victim of workers' compensation insurance fraud? If you have questions regarding workers' compensation law, contact the Charleston workers comp lawyers of the Steinberg Law Firm by calling 843-720-2800.