A New Orleans U.S. District Court Judge sentenced a 30-year president/CEO of a failed Louisiana credit union to six months in prison Wednesday for stealing more than $1.4 million.
Judge Susie Morgan also ordered Jacqueline Ray, 61, of Biloxi, Miss., to serve six months in home confinement and to pay $1 million in restitution to CUMIS and $452,752 to the NCUA. Ray also must serve two and half years of supervised release.
"The guilt that I have been carrying with me has been a heavy weight on my shoulders not just for damaging the credit union that I loved but also for the irreparable damage and hurt that I have caused my loved ones and for sinning against my Savior," Ray wrote in a letter to Judge Morgan.
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