Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

NCUA bars six from further finance work
ALEXANDRIA, Va. (8/4/09)--The National Credit Union Administration (NCUA) announced that it has barred six individuals from participating in the affairs of any federally insured financial institution. Under the order, individuals that have taken part in a range of crimes, from embezzling to tax fraud, would be forced to pay as much as $1 million in fines and face possible imprisonment if this prohibition is violated. Included on the list are former credit union employees Rhonda Campbell, of Lima, Ohio’s North Star FCU, and Sacramento, Calif.-based Capital Power CU’s Richard James Ditzel, as well as former Financial One CU President Richard Lange, all of whom were convicted of embezzlement, and have been forced to serve significant jail time and hundreds of thousands of dollars in restitution for their crimes. Ditzel’s sentence is the most significant of the three, with the former CU employee set to serve 33 months of jail time and pay nearly $500,000 in restitution. Lange will pay $249,691 in restitution and serve a 21-month jail term, with three years of probation to follow, for embezzlement and filing false tax returns. Rebecca Andino, Sharon Quattrone, and Hyacinth Richardson are also barred from further involvement with federally insured financial firms due to their activities. Andino, who was formerly employed by Southern Delaware Postal Employees FCU, is serving six months of work release, with a further 12 months of probation and $54,800 in restitution, following her conviction for theft. Quattrone, who was formerly an employee of CCSE FCU in New York, was sentenced to three years of supervised release for making a false statement to a federal credit union. Richardson has signed an order of prohibition, and did not admit nor deny fault for alleged wrongdoing during her time at Mid Island FCU, St. Croix, Virgin Islands. Her charges were not disclosed by the NCUA. For the full NCUA release, use the resource link.
Other Resources

RSS print
News Now LiveWire
3 Atlanta fed judges recuse themselves from Home Depot data breach suits via @AtlBizChron
10 hours ago
How may falling gas prices impact the U.S. economy? Find out tomorrow in #NewsNow #Market
11 hours ago
News of the comp. for tomorrow: Big bank unveils plans for massive $6.5 billion new headquarters #NewsNow #Market
13 hours ago
Consumer confidence surges to 7-year high #NewsNow #Market
13 hours ago
Charlotte Cash, CEO of @COFCU , is engaging members by producing videos on various subject of financial interest to members.
14 hours ago