The NCUA announced Friday it issued five orders in January prohibiting individuals found guilty of fraud from participating in the affairs of any federally insured financial institution.
Violation of a prohibition order is considered a felony offense punishable with imprisonment and a fine of up to $1 million.
Jade Carnahan, former operations manager at the $4 million Rivergate Federal Credit Union in Portland, Ore., pleaded guilty to the charge of bank larceny, which resulted in an 18-month prison sentence, 3 years of supervised release and restitution in the amount of $408,062.38. In March of 2013, Rivergate merged with the $234 million, 17,501-member NW Priority Credit Union, also in Portland.
Michael Ross Franco, former loan officer at $274 million My Community Federal Credit Union in Midland, Texas, pleaded guilty to conspiracy to commit bank fraud. He was sentenced to 18 months in prison and 5 years of supervised release. Franco must also pay more than $4.1 million in restitution.
Yolanda Marie Gonzales, former branch manager at the $1.2 billion Westerra Credit Union in Denver, Colo., pleaded guilty to the charge of theft. According to local press reports, Gonzalez stole thousands in cash from the vault on multiple occasions and adjusted the balances from teller's drawers to hide the removals. She was sentenced to seven years in an intensive supervision program, two years of work release and ordered to pay $79,198 in restitution.
Nichole Moore, a former employee of $34 million North Memorial Federal Credit Union in Robbinsdale, Minn., pleaded guilty to theft. She was sentenced to 120 days in prison, seven years of supervised probation and ordered to pay restitution in the amount of $141,635.69.
Janine Shepard, a former teller supervisor at $1.1 billion Greylock Federal Credit Union in Pittsfield, Mass., pleaded guilty to one count of larceny and one count of making false entries into corporate records, which resulted in a 3-year prison sentence.
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