Flooring Company Owner Ordered to Pay $580,000 in Restitution for Premium Fraud, Wage Theft

The owner of a flooring company in Northern California was ordered to pay $580,000 in restitution after pleading guilty to premium fraud and wage theft charges. The Santa Clara District Attorney’s Office said Martin Helda intentionally underreported payroll at his company, All Bay Floor, in a scheme to avoid $140,000 in premiums that he would have owed had he reported payroll accurately. The DA’s office said the investigation it opened after an insurance audit identified discrepancies in the number of workers at the company found Helda also failed to pay overtime to at least 18 w...