HELENA, Mont. -

Nearly two years after Troy Peissig aced an $18,000 hole-in-one contest at a charity tournament, the Montana golfer has yet to see a dime.

Now state authorities are issuing an arrest warrant against the operator of an insurance company they say failed to pay up on a policy purchased by the tournament.

The Montana commissioner of securities and insurance says Kevin Kolenda of hole-in-won.com has been unresponsive in the case and now faces felony charges.

Insurance regulators say Kolenda has also failed to pay in other cases around the country.

Peissig, a scratch golfer from Missoula, says it is a case of "how a good situation can go bad quickly."

Kolenda did not return a call Tuesday from The Associated Press seeking comment.