A vexed federal judge issued an arrest warrant for a former credit union CEO who failed to show up at his sentence hearing Monday for bank fraud and attempted brank fraud.
Sean Jelen, 35, the former president/CEO of the merged $227 million Valor Federal Credit Union pleaded guilty to bank fraud and attempted bank fraud in July 2016. He embezzled $718,000 to pay for credit card bills, college tuition, his spouse's birthday party and a golf tournament sponsorship. He also tried to steal $1.1 million by creating a forged severance contract before the board of directors fired him in August 2015.
Jelen was originally scheduled to be sentenced in November 2016, but the hearing did not take place, and it has been postponed ever since. It wasn't until November 2017 when Jelen's case was transferred to U.S. District Court Judge Malachy E. Mannion in Scranton, Pa. who agreed to delay the sentencing date a few times.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
