Compliance

NCUA Issues Four Prohibition Orders

June 08, 2010
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The National Credit Union Administration (NCUA) Board has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:

* Jason Rene Kisor, a former employee of Pen Air Federal Credit Union, Pensacola, Fla., was convicted of theft, embezzlement, or misapplication of funds. Kisor was sentenced to three days imprisonment and five years of supervised release, and was ordered to pay $58,123 in restitution.

* Melissa Laliberte, a former employee of Meriden(Conn.) Franco-American Federal Credit Union, was convicted of embezzlement from a credit union and filing a false income tax return. She was sentenced to 51 months in prison on count one and 36 months in prison on count two, followed by supervised release. She was also ordered to pay $961,871 in restitution to the NCUA and Internal Revenue Service.

* Christine McLamb, a former employee of Health Facilities Federal Credit Union, Florence, S.C., was convicted of embezzlement and sentenced to 75 months imprisonment and five years supervised release. She was ordered to pay $1,033,965 in restitution.

* Cynthia Vaughan, a former manager of Rockland Employees Federal Credit Union, Spring Valley, N.Y., based upon her indictment for three counts of bank fraud.

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

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