February 12, 2021.
(Sacramento, Calif., Economic & Insurance News by Insurance Market 360) – Jorge Gerardo, 55, of Sacramento, was found guilty of three Insurance offenses which were intentionally done related to underreporting payroll and employees to illegally save on workers’ compensation insurance premiums, impacting a loss of $687,560 to three insurance bearers.
Referring to the complaint of one of the Insurance agency, department of Insurance, California, initiated an investigation into the issue and probed into the cleaning company PRP-CARE owned by the accused since 2014.In the enquiry; it was found that the owner intentionally underreported payroll and committed premium cheat to the insurers.
In another incident, an employee of Pro-Care demised on 10 July 2016.The cleaning company did not submit the required and relevant documents of underwriting and pay roll to the insurance providers which became other strong supporting evidence of conscious fraud.
Further, the captioned company did not submit its report to the insurance companies for three years consecutively from 2017 to 2019 whose value was above $5 millions. All the above illustrations have become clear evidences to the department confirming the cheating done by Maldonado.
In this regard, Maldonado surrendered as there was no option left except accepting his mistakes. He is sent to the court jail of Sacramento wherein the case is under the jurisdiction and purview of the office of Country district Attorney.
Source: Department of Insurance, California