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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

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