news.cuna.org/articles/108610-aggravated-theft-money-laundering-among-charges-in-ncua-prohibition-orders

Aggravated theft, money laundering among charges in NCUA prohibition orders

December 1, 2015

ALEXANDRIA, Va. (12/1/15)--Credit union employees in six different states were the subjects of the National Credit Union Administration's November prohibition orders.

Charges resulting in the six being banned from any future work at a federally insured financial institution ranged from conspiracy to launder money to aggravated theft to grand theft and more.

The NCUA announced the following actions:

  • Lindsey Austin, also known as Lindsey Marie Burwell, a former employee of Texas Dow Employees CU, Lake Jackson, Texas, pleaded guilty to the charge of aggravated theft. Austin was sentenced to 22 years in prison;
     
  • James Timothy Charles, a former manager of Service Plus CU, Moline, Ill., pleaded guilty to the charge of conspiracy to launder money. Charles was sentenced to 30 months in prison, three years of supervised release and ordered to pay a $5,000 fine;
     
  • Robert Emerick, the former CEO and institution-affiliated party of County Schools FCU, Ventura, Calif., consented to the issuance of a prohibition order to avoid the time and expense of administrative litigation;
     
  • Tiffany Noel May, a former employee of Priority One CU, Sunrise, Fla., pleaded no contest to the charge of grand theft. May was sentenced to 15 years of probation and ordered to pay restitution in the amount of $7,300;
     
  • Florance McKoy, a former institution-affiliated party of Shepherd’s FCU, Charlotte, N.C., consented to the issuance of a prohibition order to avoid the time and expense of administrative litigation. (Shepherd's was liquidated in 2014); and
     
  • Cassandra Miller, a former employee of Madison County FCU Union in Anderson, Ind., pleaded guilty to the charge of theft. Miller received a suspended sentence and was ordered to pay restitution in the amount of $1,770.

Credit unions may search prohibition and administrative orders by name, institution, city, state and year at http://go.usa.gov/gFP5. The webpage also provides links to the enforcement actions of other federal financial institution regulators.

NCUA enforcement orders are available for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. (ET) Monday through Friday. Copies may be ordered by mail from the NCUA at 1775 Duke St., Alexandria, VA 22314-3428.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.