Even though Ignacio Morales, former manager of the now-shuttered $7 million Borinquen Federal Credit Union, pleaded guilty this week to embezzling more than $2 million, a volunteer may also face charges in connection with the credit union’s 2011 collapse.

In a Tuesday court appearance, Morales admitted to fraud, embezzlement, money laundering, failing false income tax returns and possession of cocaine with intent to distribute. He faces 10 years in prison at his Dec. 7 sentencing date, but that time could be reduced in exchange for cooperating with investigators, local Philadelphia media reported.

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