(Boise) – Attorney General Lawrence Wasden has announced the successful prosecution of an Idahoan accused of using customers’ insurance premiums for personal purchases.
On Monday, November 13, a judge in Twin Falls County sentenced 49-year-old Mark J. Lee to jail, probation, and ordered him to pay restitution.
Judge Ronald Wilper sentenced Lee to a prison term of one year fixed and four years indeterminate. The prison sentence was then suspended. The judge ordered Lee to serve 30 days in jail and pay $1,801 in restitution. He was also sentenced to five years felony probation.
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 fraud was discovered by a client when the client was informed by the insurance company that the policy had lapsed for nonpayment. 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.