/ Insurance Commissioner Jones Announces Arrest Of Folsom Business Owners For Premium Fraud
Insurance Commissioner Jones Announces Arrest Of Folsom Business Owners For Premium Fraud
June 7, 2011 2:42:00 PM
On April 14, 2010, Kwi Tae Kim, 51, and Eun Young Kim, 44, both of Folsom and the owners of One Stop Cleaners in El Dorado County were arrested for not possessing workers' compensation insurance. The California Department of Insurance (CDI) also discovered that the same owners of One Stop Cleaners located in Folsom, CA in Sacramento County, violated Penal Code section 550(b)(3). The Kim's refused to provide their workers' compensation insurance information to injured employees and they failed to notify their workers' compensation insurance company that their employees had been injured while working. Both charges are felonies. The case is being prosecuted by the Sacramento County District Attorney's Office. Bail was set at $20,000 each. If convicted, the Kim's face up to five years in prison and a fine not to exceed $50,000.