A former credit union manager who got away with her 17-year embezzlement because of timing and luck will now have plenty of time to think about how her luck ran out.
Catherine M. Linton, 59, of Washington, Pa., was sentenced Monday to one year and a day in federal prison. She also was ordered by U.S. District Court Judge Donetta W. Ambrose in Pittsburgh to pay $979,595 in restitution and to serve five years of supervised release after she gets out of prison. Of that amount, $579,595 is restitution to the NCUA and $400,000 is restitution to the CUMIS Insurance Society Inc., according to court records. In August, Linton and her husband filed for Chapter 7 bankruptcy and listed nearly $200,000 in liabilities.
Her fraud led to the insolvency and closure of the $4.1 million Trailblazer Federal Credit Union in Washington, Pa. in July 2015.
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
Already have an account? Sign In Now
© 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.
