Fresno security company owners shaved $1.6 million in worker’s comp fraud, prosecutors say
Fresno Bee, The (CA)
The owners of a private security company in Fresno are facing criminal charges for allegedly making false statements to avoid paying the full cost of workers’ compensation insurance premiums.
Luis Burgos, 50, owner of B&R Private Security LLC, and his former business partner, Sohan Singh, 57, are accused by The Central Valley Workers’ Compensation Fraud Task Force of underreporting employee payroll by over $1.6 million.
The company provides private armed and unarmed security guard services.
An investigation into the security company, led by the Fresno County District Attorney’s Office, revealed the company reported approximately $192,419 in employee payroll to their workers’ compensation insurance carrier over the course of three years.
But a forensic audit found that B&R Private Security LLC actually had over $1.8 million in employee payroll for the same time period, according to the California Department of Insurance.
As a result of allegedly falsifying the total payroll, Burgos was shortchanging the workers’ compensation provider, the State Compensation Insurance Fund, by $128,978 in premiums.
Burgos was arrested Thursday. He was previously charged with insurance fraud for his involvement in an organized auto insurance fraud ring.
Singh is at large and is believed to be out of the country. Anyone with information about Singh’s whereabouts is asked to contact Senior District Attorney Investigator Michael Ortiz at 559-600-5072.
Q1 2023 quarterly supplement
Membership List Update and New Meeting Dates for Ground Ambulance and Patient Billing (GAPB) Advisory Committee–May 2 and 3, 2023
Advisor News
- What’s behind private equity investment in insurance brokerages
- Advisors get a win as NJ Senate passes independent contractor bill
- Why federal retirement benefits are more complex than advisors realize
- Why timing the market is still a retirement mistake and what to do instead
- Business owners may be overlooking a key part of their financial picture
More Advisor NewsAnnuity News
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity NewsHealth/Employee Benefits News
- California is getting ready to increase a health insurance tax. Will it affect your premium?
- Report: Rural Virginia hospitals at risk of closure
- JasonRhodesnamed to Shelbyville CityCouncil
- Getting disability benefits got harder after the Social Security Administration changes
- Capitol Beat: Scott's veto signatures piling up
More Health/Employee Benefits NewsLife Insurance News
- OVER $107 MILLION IN LIFE INSURANCE BENEFITS LOCATED FOR TENNESSEANS IN 2025 THROUGH NAIC'S LIFE INSURANCE POLICY LOCATOR SERVICE
- Maryland Heights man pleads guilty in murder-for-hire death of his mom
- AM Best Affirms Credit Ratings of Everlake Life Group Members
- Industry experts warn NAIC: Fix flawed IUL illustrations now
- InsuranceAUM.com Celebrates a Historic 5th Annual Insurance Investment Executives’ Meeting in Chicago, Honoring Outstanding Industry Leaders and Spotlighting Next Event in Austin
More Life Insurance News