POSTED: Friday, April 23, 2010 - 1:19pm
UPDATED: Thursday, June 3, 2010 - 11:00pm
The former CEO of a state-run insurance company has been sentenced to 30 months of hard labor in state prison.
Terry Lisotta pled guilty last month to pocketing nearly $30,000 from the Louisiana Citizens Property Insurance Corporation
Lisotta used state money to pay for extravagant vacations and fancy meals.
Lisotta was also ordered to pay over $25,000 in restitution by Judge Richard Anderson of the 19th Judicial Court.
The Department of Corrections will decide where Lisotta will serve his 30-month sentence.
“Times are tough and we can’t afford for people to be stealing from the public trough” says David Caldwell head of the Attorney General’s public corruption unit.
The AG’s office says Lisotta must serve at least 10 months before he's eligible for parole.