A Ft. Walton Beach insurance agent is now facing a federal fraud indictment. The U-S Attorney's office has charged 37-year-old Ashley Hunnicutt Barkocy with one count of insurance fraud and 23 counts of wire fraud.

Barkocy is a vice president of "John M. Hunnicutt Insurance & Investments.

Authorities say Barkocy sold insurance policies to condominium associations, but never gave them the insurance coverage. They say instead, she spent the money on the agency or herself.
This left many of the condominium clients without any coverage during the 2002-2006 time period.

Ironically a number of insurance industry publications praised Barkocy for the way she handled her clients claims during Hurricane Ivan in September 2004.

Her own office was destroyed by a tornado. But Barkocy apparently backed-up all of her insurance files and client information using several customer service software firms.

If convicted, Barkocy faces twenty years in prison for each wire fraud count and 10 years for insurance fraud. She also faces a 250-thousand dollar fine and restitution for each count .