Search
 
News

Former California CU Employee Gets 18 Months Home Confinement for $1M Theft

Her boyfriend is sentenced to six months in prison and 12 months of home confinement.

Judge signing a sentence order with a gavel sitting nearby Source: Shutterstock.

A California federal judge sentenced a former business loan processor, Indira Mohabir, Thursday to 18 months of home confinement for opening nearly $3 million in lines of credit for her boyfriend, causing more than $1 million in losses at a California credit union.

U.S. District Court Judge Andre Birotte Jr. in Los Angeles also sentenced Phillip Cook Thursday to six months in federal prison and 12 months of home confinement, according to the U.S. Attorney’s Office for the Central District of California. A hearing to determine restitution is scheduled for March. Cook pleaded guilty to one count of bank fraud in 2019.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak

Dig Deeper

 

Recommended Stories

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

Copyright © 2023 ALM Global, LLC. All Rights Reserved.