Former North Dakota Insurance Agent Sent to Prison

January 25, 2012

A former Fargo, N.D., insurance agent has been sentenced to three years in prison and five years on supervised probation for stealing hundreds of thousands of dollars from three women.

Fifty-seven-year-old Jeffrey Neppl was accused of using client money to fund his struggling personal businesses, which included his insurance business, a car dealership and a transport service for the elderly and disabled. He pleaded guilty to felony misapplication of entrusted property.

Neppl also was ordered to repay about $209,000. Authorities allege he actually stole more than $500,000 but say a 3-year statute of limitations presented some of the money from being included in the prosecution.

North Dakota Insurance Commissioner Adam Hamm revoked Neppl’s license to do business last fall.

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