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Sean E. Jelen, pictured, allegedly impersonated a board member and made-up supervisory board member to enable his fraud scheme.

Prosecutors alleged Wednesday the former president/CEO of the $231 million Valor Federal Credit Union in Scranton, Pa., embezzled $718,000 to pay for credit card bills, college tuition, his spouse’s birthday party and a golf tournament sponsorship.

Peter Strozniak

Credit Union Times

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