The NCUA issued an order Monday prohibiting a former credit union employee from participating in the affairs of any federally insured financial institution.
Rhandy Tabar, a former employee of the $277 million UNCLE Credit Union in Livermore, Calif., was sentenced to five years' probation after pleading no contest to the charges of grand theft and embezzlement.
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The first year of his sentence will be served in county jail. Tabar was ordered to stay away from UNCLE Credit Union and must start a gambling addiction treatment program. He must also pay restitution in the amount of $606,541.33.
Violating a prohibition order is considered a felony offense punishable by imprisonment and a fine of up to $1 million.
Tabar was the only individual who received a prohibition order from the NCUA in the month of March.
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