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Washington
Eight receive NCUA prohibition orders
ALEXANDRIA, Va. (9/19/08)—Eight individuals have been the subject of recent prohibition orders issued by the National Credit Union Administration (NCUA) and are thereby prohibited from participating in the affairs of any federally insured financial institution. The NCUA posted the following announcements its website:
* Aaron Bell, a former board member of Burlington Northern Santa Fe Railroad CU, Cicero, Ill., was convicted of laundering criminal property, by committing dishonest acts against the credit union, and sentenced to two years of supervised release; * Patricia H. Sherman, former teller of Obelisk FCU, New Albany, Ind. was convicted of embezzlement and sentenced to 97 months imprisonment, five years of supervised release, and ordered to pay $7,012,900 in restitution; * Pranee Kolesar, former employee of Boeing Helicopters FCU, Ridley Park, Penn., pled guilty to misapplication of credit unions funds and bank fraud. She was sentence to one day in prison, five years of supervised release, and ordered to pay $14,500 in restitution; * Elizabeth Montedoro, former teller of Patriot FCU, Chambersburg, Penn. pled guilty to one count of bank fraud and was sentenced to 21 months in prison followed by four years of supervised release, and was ordered to pay $182,777 in restitution; and * Josette L. Williamson, was convicted of petty larceny in connection with the failure of WIT FCU, Rochester, N.Y. and sentenced to 120 hours of community service.
The following individuals consented to a prohibition order, without admitting or denying fault, to avoid the time and cost of litigation, according to the NCUA:
* Ann M. Bryson, former employee of Good Samaritan Employees FCU, Cincinnati, Ohio; * Betty J. Hargrave, former manager of Kellogg Memphis Employees FCU, Syracuse, N.Y.; and * Linda Mattina, former employee of Long Island State Employees FCU, Hauppauge, N.Y.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Use the resource link below to find NCUA prohibition orders online.
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