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After more than a year of delays, a federal judge on Wednesday sentenced former Valor Federal Credit Union President/CEO Sean Jelen to five years and eight months in federal prison for bank fraud and attempted bank fraud.

Before the 35-year-old Jelen of Breezy Point, N.Y. was escorted out of the Scranton, Pa. federal court room to begin his prison sentence, U.S. District Court Judge Malachy E. Mannion noted the former executive’s disturbing conduct, and that his criminal activities continued even after he was aware of the federal criminal investigation.

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Peter Strozniak


Credit Union Times

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