The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada and to pay for lavish trips and for gambling.
NCUA lawyers asked a U.S. District Court Judge David Briones in El Paso, Texas on Friday to grant a preliminary injunction to freeze all of her assets. Hernandez's husband, Rene Hernandez, was also named in the civil suit filed by the federal agency last month.
"NCUA can present overwhelming evidence that Maria, while acting as the manager of EPFCU, converted millions of dollars of assets of EPFCU to her own personal use and benefit," the NCUA alleged in court papers. "Defendants used these funds to purchase properties, go on lavish trips and for gambling."
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