ALEXANDRIA, Va.-Prohibition orders came out of NCUA recently barring three individuals from the operations of federally insured institutions. Jason Christopher Nunez, a former employee with Credit Union of Southern California, pled “no contest” to one count of grand theft and was sentenced, by the Criminal Court of Los Angeles County, to three years formal probation and ordered to pay restitution to the credit union of $49,884. Also, former Phenix Pride Federal Credit Union (Phenix City, Ala.) Manager Bessie Jo Peoples was convicted of theft and sentenced to six months in prison, five years supervised probation, and ordered to pay $205,434 in restitution. Finally, Sarah Lockwood, a former loan officer with BNSF Credit Union in Amarillo, Texas, consented to a prohibition order, without admitting or denying fault, to avoid the time and expense of litigation. It is a felony to violate a prohibition order and is punishable by imprisonment and a fine of up to $1 million.

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