A former office manager who embezzled nearly $180,000 from a NewYork credit union was sentenced last week to two and a half yearsin prison by a federal judge in Buffalo last week.
|U.S. District Court Judge Richard J. Arcara also ordered NormaGold, 57, of Eldred, Pa., to pay $179,939 in restitution.
|Between December 2007 and December 2012, the former officermanager of the $778,129 Olean Tile Employees Federal CreditUnion in Olean, N.Y.,
|concealed her theft by altering the true balances of the creditunion's accounts maintained by outside banks, which held the vastmajority of the OTEFCU's funds.
|What's more, Gold also attempted to hide her fraud by gettingher son to impersonate an auditor who called and told NCUAexaminers that he had performed an audit and verified the creditunion's accounts, according to court documents. The NCUA determinedthat the auditor died several months earlier.
|Gold was a 26-year employee of the credit union.
|In December 2012, the NCUA determined OTEFCU was insolvent andclosed it. The manufacturing plant, which housed the credit union'soffice, also ceased operations at that time.
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