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    Wesley Owens

    Author - CEO - Serial Entrepreneur - Speaker

    Wesley Owens is a former business owner and CEO who was involved in a major workers' compensation insurance fraud scheme. Here are the key details about Wesley Owens:

    Background and Business

    Wesley Owens, 54, from Atlanta, Georgia, was the owner and CEO of Bison Workforce Solutions, a Professional Employer Organization (PEO) based outside Atlanta.12 Bison Workforce Solutions provided outsourced workers' compensation insurance, human resources, payroll, tax, and other services to other businesses.1

    Criminal Activities

    Owens was at the center of a massive workers' compensation insurance fraud scheme that amounted to approximately $54 million.1 The scheme involved:

    • Obtaining workers' compensation insurance for Bison under false pretenses
    • Generating fraudulent Certificates of Insurance for PEO customers
    • Misrepresenting the nature of the businesses being insured
    • Failing to pay approximately $29 million in premiums
    • Defrauding PEO customers out of about $25.5 million in fees for supposed insurance coverage1

    Legal Consequences

    On March 2, 2023, Wesley Owens pleaded no contest to multiple felony counts of insurance fraud and conspiracy in the Los Angeles Superior Court.13 As part of his sentence, Owens agreed to:

    • 10 years of formal probation
    • 60 days of community labor
    • Pay $350,000 in cash restitution before final sentencing
    • An additional $14.15 million owed in restitution during the probation period

    If Owens violates the terms of his probation, he faces five years in California State Prison.1

    Previous Arrests

    It's worth noting that Owens had been previously arrested in June 2019 in connection with a $120 million insurance fraud scheme.45 At that time, he was 47 years old and faced multiple charges, including insurance fraud, identity fraud, felony theft, and forgery.5

    Given this information, it's clear that the LinkedIn profile mentioned in the query likely represents the same individual who has been involved in significant legal troubles related to insurance fraud.

    Highlights

    Workers Compensation Fraud - The Bison Case in 2023
    Duo sentenced for $54m workers' comp insurance fraud scheme
    Mar 10 · insurance.ca.gov
    LA business owner and conspirator sentenced in $54 million ...
    Jun 20 · cslea.com
    Two Arrested in $120 Million Insurance Fraud Scheme
    Jun 14 · wsav.com
    Two GA men arrested in $120M insurance fraud scheme - WSAV-TV

    Related Questions

    What was the role of Beau Wilson in the fraud scheme?
    How did the fraud scheme impact the businesses that used Bison Workforce Solutions?
    What measures are being taken to prevent similar fraud schemes in the future?
    How did the investigation uncover the fraud at Bison Workforce Solutions?
    What were the specific charges against Wesley Owens and Beau Wilson?
    Wesley Owens
    Wesley Owens, photo 1
    Wesley Owens, photo 2
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    Location

    Norcross, Georgia