The Hilton Sandestin confirmed that neither RAA nor IIABL held a convention at the Hilton on those dates in May 2006.
Yesterday it all caught up with him. Terry Lisotta, the former CEO of Citizens Insurance, created by the Legislature in 2003 as a nonprofit corporation to provide property insurance for those who can’t otherwise get it, pled guilty to one count of felony theft by fraud over $500 and will be sentenced April 23 to 30 months at hard labor by Judge Richard Anderson of the 19th JDC in Baton Rouge. Lisotta was apologetic Monday when he admitted he fraudulently spent about $30,000 of Citizens’ money on quail hunts, LSU and Zephyrs tickets, hotel rooms during Mardi Gras, plane tickets for his wife and daughter and spa treatments.
Lisotta was CEO until spring 2007. Since his 2008 indictment, he has maintained that his spending was approved by the governing boards of Citizens; the Louisiana Automobile Insurance Plan, the state’s high-risk auto pool; and the Property Insurance Association of Louisiana, which acted as the third-party administrator for both.
The Louisiana Code of Criminal Procedure allows the state attorney general to charge an embezzlement scheme, such as Lisotta’s, by either multiple counts corresponding to each individual act of theft, or by a single omnibus count encompassing all fraudulent acts within the entire scheme. Lisotta pled guilty to an omnibus theft count, which extends the dates of his criminal acts past those contained within the original indictment and includes all illegal actions on which the 14 separate counts of the original indictment are premised. Among the acts of theft to which Lisotta pled guilty:
• February 2004 — Lisotta bought plane tickets for his wife (Sandra) to travel with him to New York and Bermuda prior to his attending an insurance conference in Europe. He charged his wife’s tickets, $1,219, on his LAIP credit card and did not reimburse LAIP.
• March 2004, and December 2004 — Two expense reports totalling $1,506 were submitted by Lisotta for quail hunts at Bon Amis Hunting Club in Ville Platte. All of the attendees at the hunts were state employees connected to Citizens/LAIP/PIAL. The AG noted that there was no legitimate reason for business to be conducted on quail hunts.
• July 2004 — He submitted an $850 expense report for 100 Zephyrs baseball tickets, and supporting documents attached to report show that tickets were bought to help Rachel Lisotta meet her cheerleading squad fundraising goal of selling 200 tickets.
• Marcy 2006 — Lisotta and his girlfriend, Caryl Mathes, CFO of Citizens, flew to Europe on business. Each ticket cost $6,036.10 and was for first class or business class. The state rate was $1,036, and PIAL travel policy allowed only for coach tickets. Lisotta only put his ticket on expense report, not Mathes’, although he paid for both tickets (his ticket paid by his LAIP card, Mathes’ ticket paid by his PIAL card).
Shoppers familiar with Louisiana-based Rouses Market might be surprised when they walk into the new third location set to open at the Corner of Johnston Street and Duhon Road south the Acadiana Mall on Wednesday.
Noted architect and co-founder/principal of Architects Southwest receives highest honor given to former student.
Know an innovator, job creator and visionary with a penchant for hard work? We want to know that person.
If you care about the wellbeing of Louisiana’s college students, vote against Amendments 1 and 2.
A Mandeville media consultant with big name political connections pleaded guilty Monday to a series of federal mail fraud charges.
Despite a decline in global oil prices affecting the outlook for domestic ethylene producers, South African company moves forward.
1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.
Prestigious honor annually recognizes a single attorney for excellence in public interest/pro bono work.
JPMorgan Chase is giving $1 million to Louisiana's community and technical colleges, to help with workforce training efforts to match students to available jobs.
Law firm unveils newly renovated 200-year-old building.
UL grad named web developer at BBR Creative
Lafayette-based emergency department staffing and management company raises $120 million in senior credit facilities through GE Capital, Healthcare Financial Services.
High-rise apartment building, parking garage, hotel and retail part of new development.
The number of Louisianans with jobs continued to set records in September, but the state's unemployment rate kept rising.
Louisiana is drowning, quickly.
An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
Economist Loren Scott says Louisiana is in the midst of an industrial boom unlike any other in its history, with more than $100 billion in industrial projects either under construction or in the engineering and design phase.
The Louisiana Treasury holds $18 million in Israel Bonds — bonds that earn 2.868 percent when the three-year U.S. Treasury is yielding 1.08 percent.
ABiz celebrates another class of Acadiana's most influential female trailblazers, the Lourdes Foundation honors a local philanthropist and MedExpress in Opelousas celebrates its 22nd year as the “little ambulance service that could.”
Is Louisiana’s O&G industry ready to head south of the border?
Downtown’s newest live-work space for creatives doubles as a gallery for other upcoming artists to show their work.
A maritime case originating in Lafayette federal court could become a game changer for the oil and gas industry.
Here’s what’s at stake in the November Senate race — regardless of whether Republicans gain control of the upper chamber.
From the publisher’s in-box: ABiz reaches out to Lake Charles, time to “Come Home, Louisiana,” and now accepting nominations for Entrepreneur of the Year.