Prosecutors alleged Wednesday the former president/CEO of the $231 million Valor Federal Credit Union in Scranton, Pa., embezzled $718,000 to pay for credit card bills, college tuition, his spouse's birthday party and a golf tournament sponsorship.
In addition to a fraud charge, Sean E. Jelen, 33, was also charged with attempted fraud for trying to steal an additional $1.1 million by creating a forged severance contract before he was fired by the board of directors in August 2015.
What's more, about five months prior to his termination, Jelen allegedly rigged Valor's board of directors' election by electing an individual only identified in court documents as R.T. But Jelen did this without R.T.'s knowledge.
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