Barrett Business Services (BBSI): A Tick-Tick-Ticking Time Bomb

7/21/2019 Barrett Business Services (BBSI): A Tick-Tick-Ticking Time Bomb

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LIPPAZCKAEB ZA\AOZLD

YYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

?

Jorratt Juskfass \arvklas (JJ\K)7 O Rklm-Rklm-Rklmkfh Rkna Jinj

Iur JJ\K Ipkfkif7 Of kfsurofla linpofy wktd jeiw-up pitaftkoe bua

ti tdkf rasarvas, quastkifojea olliuftkfh, o ralaftey bksleisab

rasarva stuby, ofb itdar rab ceohs

Cokr Soeua - $:;.00 par sdora, 1:% biwfskba


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:

KNPIZROFR Bksleoknar Peaosa raob tdks Bksleoknar kf kts aftkraty jacira

liftkfukfh ti raob iur rasaorld ipkfkif. [iu sdiueb bi yiur iwf rasaorld

ofb bua bkekhafla jacira nomkfh ofy kfvastnaft balkskif wktd raspalt ti

salurktkas livarab darakf. Xa strkva ti prasaft kfcirnotkif ollurotaey ofb

lkta tda siurlas ofb ofoeysks tdot daep cirn iur ipkfkif. Os ic tda bota tdks

ipkfkif ks pistab, tda outdir ic tdks rapirt dos o sdirt pisktkif kf tda

linpofy livarab darakf ofb stofbs ti raoekza hokfs kf tda avaft tdot tda

prkla ic tda stilm balekfas. Rda outdir bias fit privkba ofy obvoflab

worfkfh ic cutura rapirts ti itdars. Cieeiwkfh pujeklotkif ic tdks rapirt, tda

outdir noy trofsolt kf tda salurktkas ic tda linpofy, ofb noy ja eifh,

sdirt, ir fautroe ot ofy tkna daraoctar rahorbeass ic iur kfktkoe ipkfkif. Ri

tda jast ic iur ojkekty ofb jaekac, oee kfcirnotkif liftokfab darakf ks

ollurota ofb raekojea, ofb dos jaaf ijtokfab crin pujekl siurlas wa

jaekava ti ja ollurota ofb raekojea. Diwavar, suld kfcirnotkif ks prasaftab

os ks, wktdiut worrofty ic ofy mkfb wdatdar axprass ir knpekab. Rda

outdir ic tdks rapirt nomas fi raprasaftotkifs, axprass ir knpekab, os ti

tda tknaekfass ir linpeatafass ic ofy suld kfcirnotkif ir wktd rahorb ti

tda rasuets ti ja ijtokfab crin kts usa. Oee axprasskifs ic ipkfkif ora

sujgalt ti ldofha wktdiut fitkla ofb tda outdir bias fit ufbartoma ti

upbota ir suppeanaft tdks rapirt ir ofy ic tda kfcirnotkif liftokfab

darakf. Rdks ks fit of iccar ti juy ofy salurkty, fir sdoee ofy salurkty ja

iccarab ir sieb ti ofy parsif, kf ofy gurksbkltkif kf wdkld suld iccar wiueb

ja ufeowcue ufbar tda salurktkas eows ic suld gurksbkltkif.


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Pisskjea Lieeopsa ic Hriwtd ofb/ir Aorfkfhs

Xa ora lifvkflab kfvastirs (ofb aspalkoeey tda saee-skba ofoeysts) bi fit cueey ufbarstofb tda knpolt crin

JJ\K eiskfh kts eklafsa kf Loekcirfko. Kf of accirt ti wirm oriufb tda rahueotiry ldofhas, JJ\K dos aftarab o

criftkfh ohraanaft wktd OLA Eknktab (OLA).:;

Qfbar tda ohraanaft, JJ\K wkee poy o criftkfh caa ti kssua

wirmars' linpafsotkif pieklkas ufbar OLA's fona. Jahkffkfh if Gofuory ?, :0?1, faw pieklkas, os waee os

offuoe rafawoes, wkee ja wrkttaf if OLA's popar. JJ\K's nofohanaft dos suhhastab tdks trofsktkif wkee ja

raeotkvaey saoneass ofb kfaxpafskva. Xa jaekava tda knpolt wkee ja sujstoftkoe, ofb nofohanaft's ralaft

ravkskif ti kts astknotab criftkfh list suppirts iur vkaw.

Kf o criftkfh ohraanaft, tda criftkfh kfsurar (OLA) tomas if tda lrabkt ofb ekojkekty rksm ic tdakr lustinar's

jiim ic juskfass (JJ\K). Os o rasuet, criftkfh orrofhanafts ora usuoeey vary axpafskva. Cir axonpea,

Naobiwjriim Kfsurofla Hriup (NKH) eist kts O-rotkfh crin O.N. Jast kf Ouhust :0?


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??

wktd o snoee accalt kf ?_, ofb tdaf hriwkfh kf tda ranokfkfh quortars os nira lekafts

ora trofsktkifab. Jut wa wif't saa tda cuee accalt uftke tda ckrst quortar ic :0?1 0.3?% wdaf

riufbab ti twi balknoes kf Rojea :). Kt ks iur jaekac tdot tda skhfkckloft stap-up kf "itdar leokns axpafsa"

wos prkflkpoeey brkvaf jy tda faw OLA criftkfh ohraanaft. \uppirtkfh iur ofoeysks, nofohanaft sokb if

kts _:'?2 aorfkfhs loee tday dob lifvartab "ojiut o tdkrb ic iur faw ofb axkstkfh lekafts kfti tda criftab

orrofhanaft" tdriuhd tda tdkrb waam kf Guey. Rday oesi sokb tda itdar twi-tdkrbs wara axpaltab ti ja

lifvartab ivar tda ranokfbar ic :0?2.


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?:

bronotkl rksa kf criftkfh/rakfsurofla/itdar leokn lists suhhast nofohanaft's ":1 ti


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?:22ckeafona%ureboto&jeijtojea>NufhiJeijs2:www.cosj.irh/ls/Jeij\arvar9jeijmay>kb&jeijfilolda>trua&jeijwdara>??814:0;????4&jeijdaobar>oppeklotkif%:Cpbc&jeijda
http://www.sec.gov/Archives/edgar/data/902791/000119312514100025/d629759d10k.htmhttp://www.sec.gov/Archives/edgar/data/902791/000119312513109536/d443983d10k.htmhttp://www.napeo.org/peoindustry/industryfacts.cfmhttp://www.expressnews.com/news/local/article/Players-in-largest-fraud-case-ever-sentenced-5257022.phphttps://www.dir.ca.gov/peo.htmlhttp://www.leginfo.ca.gov/pub/11-12/bill/sen/sb_0851-0900/sb_863_bill_20120919_chaptered.htmlhttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttp://peopros.com/?tag=california-peohttp://www.wcexec.com/Says-Self-Insured-Employee-Leasing-Firm-Is-In-Default.aspxhttp://www.dir.ca.gov/osip/SIP_StatementofEmergency.dochttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.insurancejournal.com/news/national/2013/08/05/300687.htmhttp://www.browardbulldog.org/2010/10/victims-everywhere-in-100-million-certified-services-fraud/http://www.browardbulldog.org/2010/10/victims-everywhere-in-100-million-certified-services-fraud/http://www.insurancejournal.com/news/national/2013/08/05/300687.htmhttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.dir.ca.gov/osip/SIP_StatementofEmergency.dochttp://www.wcexec.com/Says-Self-Insured-Employee-Leasing-Firm-Is-In-Default.aspxhttp://peopros.com/?tag=california-peohttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttp://www.lexisnexis.com/legalnewsroom/workers-compensation/b/reform-legislation/archive/2012/08/28/california-workers-compensation-reform-sb-863-analysis-self-insurance-provisions.aspxhttps://www.sedgwick.com/resources/Documents/Studies/SB%20863%20Client%20Forum%20Summary.pdfhttp://www.leginfo.ca.gov/pub/11-12/bill/sen/sb_0851-0900/sb_863_bill_20120919_chaptered.htmlhttps://www.dir.ca.gov/peo.htmlhttp://www.expressnews.com/news/local/article/Players-in-largest-fraud-case-ever-sentenced-5257022.phphttp://www.napeo.org/peoindustry/industryfacts.cfmhttp://www.sec.gov/Archives/edgar/data/902791/000119312513109536/d443983d10k.htmhttp://www.sec.gov/Archives/edgar/data/902791/000119312514100025/d629759d10k.htm


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Barrett Business Services (BBSI): A Tick-Tick-Ticking Time Bomb

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