KRON 4: San Jose flooring company owner failed to pay $1 million in overtime
The owner of a San Jose flooring company was sentenced to county jail and ordered to pay over $580,000 in restitution for fraud. Martin Helda, 35, failed to pay his employee $1 million in owed overtime, as well as lowballed his payroll to avoid paying insurance premiums, Santa Clara County prosecutors said.
Helda, who owns the company All Bay Floor, pleaded guilty to three counts of fraud. He was convicted of committing wage theft, workers compensation premium fraud, and Employment Development Department fraud.