BOISE, Idaho – A Boise man was sentenced Wednesday for selling insurance policies to college students and pocketing a portion of their premiums.

Timothy H. Heffner, 40, was sentenced to up to five years in prison after he pleaded guilty to two counts of misappropriation or diversion of fiduciary funds, but the court suspended the sentence and placed him on five years’ probation. Heffner was given a 360-day jail sentence with 30 days to be served immediately. He also was fined $10,000.

According to State Attorney General Lawrence Wasden’s office:

Heffner was an Idaho resident insurance producer with an office in Boise. An investigation revealed he took premium money from several Boise State University students during the 2014-2015 school year when they initiated health insurance policies with Blue Cross of Idaho. He did not, however, provide all the premium money to Blue Cross.

He admitted during an interview with Department of Insurance investigators that he kept the money for business and personal expenses. As a result, the Department of Insurance revoked Heffner’s insurance license in March 2016.

Heffner agreed to pay $11,236 in restitution as part of his plea agreement.

Source: State of Idaho, Attorney General’s Office