The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
SAN DIEGO and SAN FRANCISCO, June 5 /PRNewswire/ -- San Diego County
Superior Court Judge Fred McGuire ordered a San Diego construction firm owner
to pay State Compensation Insurance Fund $113,327 in restitution for
defrauding the workers' compensation insurance carrier; and, $60,000 to the
State Economic Development Department (EDD) for unemployment tax evasion.
Thomas Behrendt, 50, of San Diego, was also sentenced to three years formal
probation as part of his June 4 sentence on his felony conviction for workers'
compensation insurance fraud.
State Fund -- which had insured Behrendt's firm Sunset Structures Inc.
from 2003 to 2006 -- suspected fraud during a review of an injured worker's
claim. Behrendt originally denied that the injured worker was indeed a company
Behrendt failed to pay proper workers' compensation insurance premiums for
a period of three years, and unemployment taxes, and by extension gained an
illegal competitive advantage.
State Fund assisted the San Diego County District Attorney's Office --
including prosecutor Deputy District Attorney Ernie Marugg -- in its
investigation which included a detailed audit of Behrendt's workers'
State Fund's Fraud Investigation Program (FIP) addresses all aspects of
workers' compensation insurance fraud, including employee, employer, medical
and legal. In the last decade, State Fund's FIP has produced hundreds of
arrests and convictions in a wide range of workers' compensation cases,
including some considered milestones in California's fight against fraud.
EDITOR'S NOTE: Established by the California Legislature in 1914, State
Compensation Insurance Fund is a self-supporting, nonprofit, fairly
competitive public enterprise that provides workers' compensation insurance
coverage at cost to California employers. State Fund is headquartered in San
Francisco. For more information about State Fund, please visit
Vicente Hernandez - 415/565-1683 Jim Zelinski (For State Fund)
State Fund 925/242-0918 or 415/420-6050
SOURCE State Compensation Insurance Fund
CONTACT: Vicente Hernandez of State Fund, +1-415-565-1683, or Jim Zelinski for State Fund, +1-925-242-0918 or +1-415-420-6050