A former Pennsylvania credit union assistant manager agreed to plead guilty this month to aiding bank fraud, and to cooperate with federal prosecutors to provide information concerning the unlawful activities of others.

Amanda Magda became the fourth of five defendants to plead guilty in a $45,000 fraud and conspiracy scheme at the $38 million Wilkes-Barre City Employees Federal Credit Union in Wilkes-Barre, Pa. In exchange for her guilty plea and cooperation, prosecutors dropped a fraud charge against Magda. Prosecutors also are expected to recommend a lighter sentence based on her cooperation. Court documents did not state whether Magda’s information would lead to additional indictments against other individuals. She signed her plea deal on May 6, but it was not filed in court until June 16.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Strozniak

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.