COLUMBUS — Columbus roofer Terrance J. King, owner of Home Improvement Terrance King, which also did work in the Dayton area, has been sentenced to 48 months in prison and ordered to pay $241,000 in restitution. In November 2013, King pleaded guilty to money laundering, false claims, and filing a false federal income tax return. King ran a roofing-repair company that defrauded homeowners, businesses and several public entities, Lieutenant Governor and Department of Insurance Director Mary Taylor said.
“Mr. King’s deceptive behavior harmed consumers and insurers and I’m glad our Department could be part of the effort to bring justice to the victims in this case,” Taylor said. “I am proud of the hard work invested by our local and federal partners to help secure this sentence.”
The Department started the insurance investigation that was then pursued by 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 after concerns with King’s finances were uncovered.
King obtained money from insurance companies and his clients and, in many instances, either failed to complete work as promised or falsely used inferior, second-hand products on contracted jobs. The investigation also found King laundered money for personal use, filed fraudulent documents to receive subsidized housing assistance, and filed false federal income tax returns.
If you believe someone may be committing insurance fraud or professional misconduct the Department urges people to call its fraud hotline at 1-800-686-1527. Insurance fraud information is available at www.insurance.ohio.gov.