Former Minnesota CEO Sentenced to Eight Years for $2.5 Million Fraud

The National Credit Union Share Insurance Fund incurs losses of more than $13.7 million because of Margurite Cofell's crime.

By Peter Strozniak | December 05, 2019 at 09:25 AM

Prison sentence for former credit union CEO.

A federal judge sentenced former CEO Margurite Mary Cofell to eight years in prison for embezzling more than $2.5 million that led to the liquidation of the $51 million St. Francis Campus Credit Union in Little Falls, Minn.

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Fraud & Enforcement

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