A Spokane man who embezzled more than $350,000 from a Coeur d'Alene insurance company has pleaded guilty to three federal felonies.
James K. Sokolis, 56, faces up to 10 years in prison, a $250,000 fine and three years of probation when he's sentenced June 12 by Judge B. Lynn Winmill in U.S. District Court in Coeur d'Alene.
Sokolis pleaded guilty Wednesday to three counts of insurance fraud. Sokolis was an insurance agent who previously owned and operated Rockwood Insurance in Coeur d'Alene.
He sold his share of the business in August 2010 and was hired to work for the new company. He was fired after admitting to misusing client money. Sokolis misappropriated $356,629.46, according to the U.S. Attorney's Office.