Thirty Months for Former CU Worker in $2.4 Million Theft
Pamela Mullins, a former employee of N&W Poca Division FCU, has been sentenced to 30 months in prison for her role in a fraud scheme that depleted the credit union of $2.4 million, the U.S. Attorney’s Office for the Southern District of West Virginia announced.
The scheme contributed to the 2008 failure of the West Virginia credit union, the government said.
She’s also been ordered to pay a total of $2,406,804 in restitution.
The 46-year-old, a resident of Bluefield, W.Va., confessed that her embezzlement activities began in 2003 and included making fake deposits into her checking account and family members’ accounts, taking loans from the CU and posting fictitious payments, and issuing official CU checks to herself, family members and third parties without keeping records in the CU’s books, the government said. The CU did not receive any money to back up her deposits and loan payments.
Mullins’ former co-worker, Rebecca Poe, was sentenced in July to four years and three months in jail for her role in the scheme. Poe, 36, of Falls Mills, Va., also faces a $2.4 million restitution payment, authorities said.
The NCUA liquidated N&W Poca Division FCU, which had assets of $6 million and 1,194 members, in October 2008.