The NCUA issued prohibition orders Dec. 31 that banned six former credit union employees from federally insured institutions. Three of the six were from the $12.6 million OTS Federal Credit Union in Honolulu, which an FBI agent described as a den of thieves.
Nicole Cheung, a former employee of OTS FCU, pleaded guilty to charges of embezzlement and misapplication of funds. She was sentenced to 20 days in prison, five-years supervised release and ordered to pay restitution in the amount of $21,607.
Jenny Nishida of OTS FCU pleaded guilty to the charge of embezzlement and misapplication of funds. Nishida was sentenced to 13 months in prison, five-years supervised release and ordered to pay restitution in the amount of $330,459.99.Dona Takushi of OTS FCU pleaded guilty to the charges of embezzlement, misapplication of funds and making false entries. She was sentenced to 15 months in prison, five-years supervised release and ordered to pay restitution in the amount of $78,138.55.
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Jan Lyle, also known as Janet Hoffman, the former CEO of Health Care Professionals of Napa Federal Credit Union in Napa, Calif., consented to the issuance of an order of prohibition to avoid the time and expense of administrative litigation.
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