A Neosho man pleaded guilty in U. S. District Court in Springfield this morning to embezzling $77,594.20 from clients while he was working for American Family Insurance.
No sentencing date has been scheduled for Joshua D. Hughes, 45, whose grand jury indictment was unsealed this morning. The U. S. Attorney's office issued a target letter to Hughes in 2019, according to court records.
According to the plea agreement, Hughes, who operated the Joshua Hughes Agency at 895 Business 49 in Neosho accepted $77,594.20 from 16 customers for insurance policies, but never forwarded the money to American Family Insurance. Instead, he transferred the money into personal accounts, issued false evidence of insurance forms to the clients and provided auditors with altered, incomplete bank records.
Hughes could be sentenced to as much as 10 years, but that appears unlikely since court records indicate he has cooperated with the government's investigation.