A former New York credit union executive faces up to 30 years infederal prison and a fine of $1 million after pleading guilty lastweek to bank fraud charges in U.S. District Court in Rochester,N.Y.
|Donna Harabin, 61, who resides in Clearwater, Fla., pleadedguilty Sept. 19 to making false credit institution entries at theformer Telco FCU of Elmira, NY, according to the FBI and the U. S. Attorney's Office for the WesternDistrict of New York.
|The $20 million Telco merged in 2009 with the $1.2 billionEmpower Federal Credit Union in Syracuse.
|Assistant U.S. Attorney Tiffany H. Lee, who is handling thecase, said Harabin, who was president and manager of Telco in 2008,changed the due dates and entered false payments to conceal fromexaminers the fact that 75% of the credit union's 179 loans weredelinquent.
|She often would change the dates of delinquency on loans sheknew were going to be foreclosed upon or repossessed in order tomake them appear more current, according to court records.
|The scheme was discovered in 2008, following a FBIinvestigation, according to the U.S. Attorney General's Office.
|Harabin is scheduled for sentencing on Dec. 11 in federalcourt.
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