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The Dallas Morning News reported that Theresa Portillo, who embezzled $3.4 million from the failed $2 million Women’s Southwest FCU, was sentenced Friday to 6 ½ years in prison after pleading guilty to the crime in January.

The NCUA liquidated the Dallas-based credit union in November. According to the FBI, Portillo sold 18 credit union-owned certificates to other institutions and pocketed the proceeds, using the cash to buy nine properties in the Dallas area, a Mexican time share in Cabo San Lucas, jewelry, vehicles, vacations, and pay bills for herself, family members and friends.

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