The former executive of a property-casualty company based in Montgomery, Ala., will spend the next 12 years in prison and must repay $5 million to a Delaware-based insurer.

A federal judge sentenced John Goff, owner of the Goff Group, to prison time beginning July 31 and the restitution to XL America of Wilmington, Del., according to television station WSFA in Montgomery.

The Goff Group was a supplier of workers’ compensation insurance in Alabama, Mississippi, Tennessee, North Carolina and Georgia, according to published reports.

In February, a federal court jury convicted Goff of counts including mail fraud, embezzlement and filing a false report with the Alabama Department of Insurance regarding his business dealings.

Goff was convicted of taking money from clients that included churches and businesses and using it to fund a lavish lifestyle rather than forwarding it to insurance companies, according to WSFA. At one time, Goff had an annual salary of more than $1 million, flew in a private jet and slept in a million dollar home, but now he says he cannot afford the restitution he must repay.

“They’re asking at least $200 a month,” Goff told the television station outside of federal court. “Well, I don’t know. Maybe I need to go and play the Florida lottery. That’s the only way I can do it. I can’t pay it.”

Goff is likely to appeal his conviction, as the judge that sentenced him, Myron Thompson, said he thought several of the convictions might be reversible, according to the report.