Sherrie Rivera, a former chief operating officer for the $78.6 million Peoples Credit Union, will be sentenced in October after pleading guilty Monday in a Florida federal court for stealing $385,000 from accounts at the Pembroke Pines, Fla.-based cooperative.
While working at the credit union from 2009 to 2014, Rivera had the ability to access accounts and authorize fee reversals and transactions. Over five years, she stole $385,000 from PCU accounts using different means, according to federal prosecutors.
In 2011, a member's account received a series of tax refunds in different names from the filing of fraudulent tax returns. The U.S. Department of Treasury requested reclamation of these refunds from the credit union.
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