Joe Spaqi is the latest embezzler sentenced in a fraud case that led to a credit union’s 2010 collapse.
Jolina Monique Sanchez is accused of embezzling $240,000 from a merged California credit union.
Dorothy Stegall Barnes, former AVP of tellers for Pantex FCU, faces punishment for an $826,000 theft.
Kathryn Simmerman admits to stashing cash from Shoreline FCU’s vault in her purse for 13 years.
The embezzlement sentencing for Louisa Gabaldon, an excessive gambler, came after a fierce legal dispute.
Pressure, opportunity and rationalization are the key ingredients in an internal fraud case.
Responding effectively when fraud happens is just as important as preventing it.
Former Peoples CU exec Sherrie Rivera could get 10 years for pocketing $385,000 from member accounts.
With credit unions losing millions to internal fraud, it may be time to implement strict procedures.
Dave Lugo sentenced for embezzling millions from the credit union to buy and sell computer equipment.