After more than three years since a Kansas credit union was merged following a suspected embezzlement scheme, federal authorities announced Wednesday the indictment of a former president/CEO who is allegedly responsible for stealing more than $5 million.

Nita Rae Nirschl, 64, of Parsons, Kan., was charged with an 81-count indictment including 22 counts of embezzlement, 37 counts of money laundering, 18 counts of interstate transportation of stolen property and four counts of attempting to evade taxes, according to the Kansas U.S. Attorney’s office.

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Credit Union Times

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