Thank you for sharing!

Your article was successfully shared with the contacts you provided.
statue of lady justice next to a gavel and law books Source: Shutterstock.

After a change of plea hearing held in U.S. District Court in San Francisco last week, Stephanie Simontacchi, a former accounting manager for a California credit union and a former assistant controller for a local hotel, will be sentenced in June.

She pleaded guilty to one felony count of bank fraud, one felony count of misapplication and embezzlement of credit union funds, and one felony count of tax evasion, according to court documents. An indictment returned by a federal grand jury last year originally charged Simontacchi with seven counts of bank fraud, seven counts of misapplication and embezzlement of credit union funds, and four counts of tax evasion. Simontacchi initially pleaded not guilty to those charges.

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

Copyright © 2022 ALM Global, LLC. All Rights Reserved.