Former credit union employee pleads guilty to white collar crime

On behalf of The Marks Law Firm, L.L.C. posted in Fraud on Wednesday, December 14, 2011

White collar crimes take many different forms and are committed by persons in different kinds of jobs. Although they do not typically involve violence, white collar crimes are no less serious than any other kinds of crimes.

In a nearby town, a former employee of the Alton Employees Federal Credit Union has admitted to using her employer’s money illegally. The 26-year-old Illinois woman acknowledged that she used the money to buy a truck, pay credit card bills, and make personal loans. The woman pled guilty to a federal charge of financial institution fraud after having been indicted in September.

The woman worked for the credit union from 2006 to 2010 and eventually became vice president of operations. Prosecutors say that the woman did not record any of the payments or loans, nor did she debit her account for credit card payments.

White collar crimes, particularly those involving federal charges, are understandably serious. The woman faces a number of different penalties, including up to 30 years in prison, a $1 million fine, and five years’ supervised probation. The woman will be sentenced on March 5. Although the woman pled guilty, she may work to show the court that mitigating circumstances should reduce the severity of her sentence.

Missouri resident who are facing serious crimes, such as fraud, may find working with an experienced criminal defense attorney to be highly beneficial. The attorney can explain the charges against an individual and work to protect their rights. As with all who are accused of serious crimes, individuals are innocent until proven guilty in a court of law.

Source: STL Today, “Former Alton credit union employee admits fraud,” Dec. 1, 2011