TWIN FALLS — A former insurance agent from Twin Falls has been sentenced to spend 30 days in jail for using customers’ insurance premiums for personal purchases.
Mark J. Lee, 49, was sentenced Monday to the jail time plus five years of felony probation. He also must pay $1,801 in restitution.
If he’s not successful on probation, he could serve one to five years in prison.
Lee, a former insurance agent, pleaded guilty in September to misappropriation or diversion of fiduciary funds. The plea came after an Idaho Department of Insurance investigation revealed Lee had diverted clients’ insurance premiums for his own use while he was an Idaho licensed insurance producer in Twin Falls, the Idaho Attorney General’s Office announced Tuesday.
A client discovered the fraud when they were informed by their insurance company that their policy had lapsed for non-payment. The client then filed a complaint with the Department of Insurance. Lee’s license to sell insurance was subsequently revoked.
The case was prosecuted by Deputy Attorney General Jessica Cafferty of the Attorney General’s Special Prosecutions Unit.