Posted by (American Life Insurance Guide 2019/07/02/news) Bay areaResident Kenneth X. Huang, 41 years old, was charged by the federal government with an unemployment insurance fraud case. Huang faced six federal charges in the insurance fraud case, and he admitted to one of the charges of wire fraud.
Kenneth Huang will be detained in a federal prison for 2 years and will receive a three-year supervised release period. At the same time, as part of his plea agreement, he will need to pay $3 in compensation for his crimes.The investigation of this case was jointly conducted by the California Insurance Bureau, the Employment Development Department, the State Department, and the Department of Foreign Security on a complex unemployment insurance fraud incident.
The investigation revealed that Huang used a fake passport, social security card and carefully crafted "evidence" of work to apply for multiple insurances, each with a different name.When making a claim, he used false materials to meet the eligibility requirements for the claim and avoided inspection.He received a total of $128,753 from these policies.
Supplementary unemployment insurance can replace a part of an individual’s income when he loses his job.These policies usually require the policyholder to be employed by the company for at least six months before purchasing the policy, and that the individual must remain at work for the first six months before holding the policy before they can claim insurance after unemployment gold.
According to the insurance picket department, in order to use multiple different identities to ensure that you can get "Guaranteed incomeHuang lied about important information. Huang’s deceptions included providing false names, changing notarized documents, misrepresenting employment time, and submitting completely forged documents from companies where he had never been employed.
Due to multiple factors such as passport forgery, the diplomatic security department also entered the investigation.Ministry of Foreign Affairs and SecuritySan FranciscoOffice Matthew Perlman said, “The Bureau of Diplomatic Security is committed to protecting the integrity of all U.S. passports and combating criminals using U.S. travel documents to obtain illegal income.”
Huang fled to Georgia after being sued by federal charges in January this year.He was tracked and arrested by agents in Georgia, and was detained in Gwinnett County Prison before being sent back to California for trial.
(American Life Insurance GuideNews)
