ALEXANDRIA, Va. — NCUA issued prohibition orders against four individuals, keeping them from participating in the affairs of any federally insured financial institution again.
James Raymond Allenson, a former ATM technician at Central Virginia Federal Credit Union, Lynchburg, Va., was convicted of grand larceny and received a two-year, suspended jail sentence and 12 months of supervised probation. Additionally, former First Century Federal Credit Union CEO Larry Shoenbeck in Sioux Falls, S.D., pleaded guilty to credit union embezzlement. Shoenbeck was sentenced to one day in jail, four months of home detention followed by six years supervised probation, and ordered to pay $14,250 in restitution.
Finally, Donna L. Delauder, a former financial card services representative at MacDill Federal Credit Union, and former Philadelphia Postal Workers Credit Union Manager Robert D. Williams agreed to prohibition orders, without admitting or denying fault, to avoid the time and expense of administrative litigation.
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Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. NCUA enforcement orders are online at http://www.ncua.gov/administrative_orders/Admin/administrative.html, and may be inspected at NCUA's Office of General Counsel at its Duke St., Alexandria, Va., headquarters.
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