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.
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