John C. Barry, 69, pleaded guilty in U.S. District Court in Portland, Maine Wednesday for embezzling more than $400,000 when he worked as the manager of the Portland Maine Police Department Federal Credit Union.
Between 2009 and December 2013, Barry embezzled more than $400,000 from credit union accounts by transferring funds into accounts for him and his family members. They used the stolen funds to pay for personal expenses, according to court documents.
Though the embezzlement was uncovered by NCUA examiners, they did not detect the suspicious activity until a November 2013 audit.
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