Federal prosecutors indicted a former employee of the $1.7 billion Fairwinds Credit Union Jan. 30 for allegedly embezzling $258,000 from the Orlando, Fla.-based cooperative.

Male Yahaira Rivera, 35, of Orlando, used some of those stolen funds to make a partial payment on a Porsche, federal prosecutors said.

She is scheduled to be arraigned on 16 counts of embezzlement and one count of money laundering in U.S. District Court in Orlando Feb. 10, according to court documents.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.