Mike Alcorn, president/CEO for the $30.7 million MoreheadCommunity Federal Credit Union in Morehead, Ky., thought his vicepresident of lending Brenda Rudd was a great asset because she waswell known and liked by members.
But when Rudd took a vacation in July 2014 and Alcorn reviewedher loan documents, he was shocked to uncover irregularities thatrevealed one of his best employees was an embezzler.
On Tuesday, U.S. District Judge David L. Bunning in Ashland,Ky., sentenced Rudd, 47, to three years in federal prison forbank fraud and ordered her to pay $237,195 in restitution.
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