Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Federal court document filed in Joseph Guagliardo case on Friday, Jan. 10. Federal court document filed in Joseph Guagliardo case on Friday, Jan. 10.

Former supervisory committee member Joseph Guagliardo, of the $2.9 billion Municipal Credit Union, will be sentenced in April after he pleaded guilty to embezzling more than $400,000 from the New York City-based financial cooperative, U.S. Attorney Geoffrey S. Berman for the Southern District of New York said Friday.

In a prepared statement, Berman hinted there may be charges filed against others after a 2018 federal investigation revealed massive fraud and corruption at New York City’s oldest credit union that has so far led to the conviction of its former CEO, Guagliardo’s guilty plea and criminal charges against a former MCU board chair.

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.