Taylor v. Commonwealth

COMBS, Justice.

Appellant Taylor was convicted on eight felony counts of theft by failure to make required disposition of property (KRS 514.-070). The judgment was affirmed by the Court of Appeals; we granted review.

Taylor, an insurance agent, was accused of intentionally using as his own, and failing to remit to his principal, certain premiums collected from clients, thus violating his contract, the insurance code, and the penal code. Taylor admitted owing his principal $24,000, admitted collecting the premiums, admitted spending the proceeds. He averred, however, that he intended throughout…