After more than three years since a Kansas credit union wasmerged following a suspected embezzlement scheme, federalauthorities announced Wednesday the indictment of a formerpresident/CEO who is allegedly responsible for stealing more than$5 million.
Nita Rae Nirschl, 64, of Parsons, Kan., was charged with an81-count indictment including 22 counts of embezzlement, 37 countsof money laundering, 18 counts of interstate transportation ofstolen property and four counts of attempting to evade taxes,according to the Kansas U.S. Attorney’s office.
An audit conducted by state and NCUA regulators in January 2014determined the $13.3 million Parsons Pittsburg Credit Union was insolvent and it was latermerged into the $590 million Golden Plains Credit Union in GardenCity, Kan.
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