ALEXANDRIA, Va. — NCUA announced two prohibition orders earlier this month banning former credit union employees from participating in the affairs of any federally insured financial institution.
George Gracie, the former financial officer of Metropolitan Credit Union in Chelsea, Mass., and treasurer of the Boston Taxi Fund, pleaded guilty to 13 counts of mail fraud. He was sentenced to 18 months in prison with two years supervised release, and ordered to pay $144,038 in restitution to the Boston Taxi Fund.
Former branch manager at Brightstar Credit Union (previously Broward Schools Credit Union) in Davie, Fla., Patricia Diaab, consented to a prohibition order without admitting or denying fault to avoid the time and expense of administrative litigation.
Recommended For You
NCUA enforcement orders are online at http://www.ncua.gov/administrative_orders/Admin/administrative.html.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
