Former D. Edward Wells FCU President/CEO Carol Aranjo, who in 2008 was convicted of 42 criminal counts including embezzling $1.5 million, has been banned forever from participating in the affairs of any federally insured institution, the NCUA announced today.
Aranjo, who was also convicted of bank fraud and filing false tax returns, is serving a 54-month prison sentence and been ordered to pay $1.4 million in restitution.
She had been chairman of the National Federation of Community Development Credit Unions.
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