COLUMBUS — Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced an investigation started by the Ohio Department of Insurance and pursued with the assistance of the Internal Revenue Service, the U.S. Department of Housing and Urban Development Office of Inspector General, and the United States Attorney’s Office for the Southern District of Ohio has resulted in a multi-count indictment against Terrance J. King of Columbus. The case stems from a roofing-repair scheme to defraud homeowners, businesses and several public entities. King will be summoned to appear in federal court.
“The mission of the Ohio Department of Insurance is to fight fraud and protect consumers,” Taylor said. “I am proud of our initial efforts to open this case and commend the work of our investigative partners to secure an indictment.”
Owner of Home Improvement Terrance King, LLC, a roofing business operated in Columbus, Dayton and Springfield, King allegedly obtained money from insurance companies and his clients fraudulently while saying he was providing warrantied roofing materials but they were instead inferior, second-hand products. King also allegedly failed to complete promised work.
Other allegations against King include filing fraudulent documents to receive subsidized housing assistance, money laundering by using approximately $153,627.34 obtained from the scheme for personal use, filing false federal income tax returns, and mail fraud.
Ohioans who suspect insurance fraud or agent misconduct should call the Department’s fraud hotline, 1-800-686-1527.Those with questions about insurance can call the Department’s consumer hotline at 1-800-686-1526 and obtain information at www.insurance.ohio.gov. You can follow the Ohio Department of Insurance on twitter @OHInsurance and on Facebook at www.facebook.com/OhioDepartmentofInsurance.