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Former CU Bookkeeper Sentenced for $2.5M Embezzlement

The 67-year-old Linda Lee Clark admits to a crime that led to the collapse of an Iowa credit union.

By Peter Strozniak | Updated on November 15, 2016

A 67-year-old widow and grandmother was sentenced to six and a half years in prison Tuesday for a nearly $2.5 million embezzlement, which led to the collapse of an Iowa credit union where she worked as a bookkeeper.

Since the time she was hired at the $2.1 million SCICAP Credit Union in 1978, Linda Lee Clark began stealing from the cooperative in the small rural town of Chariton. By the time her theft finally surfaced in August 2015, she embezzled $2,494,809.

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