Sharon Broadway stole from the United Catholic Credit Union for a long time, and she willspend a long time in prison for it.

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The 62-year-old Toledo, Ohio woman was sentenced Jan. 17 to 10to 240 months for embezzling $2.1 million since 1985 from theTemperance, Mich., credit union, which collapsed in the wake of thecrime.

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Monroe County Circuit Judge Michael A. Weipert in Monroe, Mich.,also sentenced Broadway to concurrently serve 45 months to 240months for racketeering and ordered her to pay $2.5 million inrestitution to NCUA.

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As manager, secretary, board member and sole employee of the$300,000 UCCU, Broadway was able to conceal her crimes for yearsusing a complex money laundering scheme involving forged checks andmultiple aliases, according to Michigan Attorney General BillSchuette.

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Broadway used the embezzled funds for her personal use,authorities said.

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But after she was taken into custody immediately after hersentencing, her lawyer, Lorin Zaner, said it's un­likely hiscli­ent will be able to make full res­ti­tu­tion. He said Broad­wayhad found an­other job but not yet started the po­si­tion, reportedthe ToledoBlade.com.

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Broad­way spent some of the money on oth­ers, he told thenewspaper website. “There re­ally is noth­ing to show for it. Shedidn't live an ex­trav­a­gant life,” Zaner said.

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Broadway's fraud was uncovered after a routine examination bythe Michigan Office of Financial and Insurance Regulation revealedthat a substantial amount of certificates of deposit wentun-recorded in the credit union's financial records.

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OFIR closed UCCU in August and appointed NCUA as thereceiver. FIR issued a prohibition order that preventsBroadway from working in the Michigan-chartered credit unionindustry in the future.

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