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CU System
CU System briefs (02/21/2012)
  • LONGVIEW, Wash. (2/22/12)--A former employee who was in charge of the vault at Longview, Wash.-based Cowlitz CU was arrested Feb. 15 on suspicion of money laundering and first-degree theft after $120, 000 disappeared from the vault between July 1, 2010, and last. Dec. 2 (tdn.com Feb. 16).  Police charge that Roxane Justine Ramey, 55, allegedly stole the funds and then falsified records to hide the theft  and that the funds were lost while Ramey and her husband gambled at a casino. Her husband has not been charged with a crime.  A forensic audit confirmed that $120,000 was missing from the vault.  Data from a casino indicated that Ramey had lost more than $67,000 and her husband had lost nearly $45,000. The police report said Ramey balanced the vault's cash at the end of each day and, to keep control of the accounts and hide the theft, did not miss a day of work or take vacation. The money was discovered missing when another employee began filling in for Ramey as she prepared to go on vacation, said the report …
  • BEAVER, Pa. (2/22/12)--Shirley A. Howl, a former lead teller at Beaver, Pa.-based West-Aircomm FCU, was sentenced Thursday to two years and three months in prison for embezzling $400,000 from the credit union.  Howl, 56, was also ordered to repay that amount to the credit union and to undergo five years of post-release probation (Pittsburgh Post Gazette Feb. 16). Howl allegedly faked ledger entries for three of the credit union's ATMs so it would appear that the funds from the ATM had been transferred to a vault and back again.  The thefts occurred from August 2007 to November 2009 (Associated Press Feb. 17) …


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