photo of a calculator, handcuffs, cash and a spreadsheet Credit/Shutterstock

A former CEO and a former controller who allegedly embezzled more than $5 million from the $36.9 million Southern Pine Credit Union in Valdosta, Ga., will face felony charges in a federal courtroom in October.

Ex-CEO Leah Lehman has signed a plea deal, according to prosecutors. She has agreed to plead guilty to one count of bank fraud and one count of aggravated identity theft at a scheduled court hearing on Oct. 26, according to court documents filed by prosecutors in U.S. District Court in Valdosta.

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