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NCUA lobby Lobby of the NCUA.

The NCUA on Friday banned Joseph Guagliardo, a former New York City cop, who embezzled more than $400,000 from the $3.8 billion Municipal Credit Union while he sat on its supervisory committee for 25 years and supplied drugs to the former CEO.

Guagliardo was sentenced to 27 months in prison last July after he pleaded guilty to one count of embezzlement. He admitted to diverting more than $450,000 to companies he controlled, and he also admitted to supplying the credit union’s former CEO, Kam Wong, with illegal painkillers.

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Peter Strozniak

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