ALEXANDRIA, Va. (1/14/09)--The National Credit Union Administration (NCUA) recently cited five individuals in prohibition orders as the result of offenses ranging from “fraudulent misappropriation by a fiduciary” to “bank larceny.” According to NCUA, the following former credit union personnel are now banned from participating in the affairs of any federally insured financial institution:
* Adelle Herron, a former employee of Peoria Hiway CU. Peoria, Ill., who pled guilty to bank fraud and was sentenced to 36 months in prison, five years probation, and ordered to pay $540,627 in restitution; * Lori A. Kloss, a former employee of Niagara Falls Memorial Medical Center FCU, Niagara Falls, N.Y., who was convicted of petit larceny and sentenced to 60 days in jail and three years of probation; * Marcella G. Miller, a former employee of Georgia-Pacific Toledo Employee FCU, Toledo, Ore., who pled guilty to bank larceny and was sentenced to 24 months in prison, 36 months probation and ordered to pay $506,161.86 in restitution; * Judy N. Putman-Speight, who in 2003 was convicted in the Maryland Circuit Court for Montgomery County of “fraudulent misappropriation by a fiduciary.” Putman-Speight was sentenced to 12 months in prison, with all but 15 days suspended, 18 months probation, fined $1,000, and ordered to pay $38,000 in restitution; and * Winston Louis Smith, a former employee of State Employees CU, Jacksonville, Fla., who pled guilty to embezzlement, defrauding a financial institution, and false statements. Smith was sentenced to 18 months in prison, five years probation, and ordered to pay $178,921 in restitution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Use the resource link below to see these and other NCUA enforcement orders.