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Washington
NCUA issues prohibition orders (09/29/2010)
ALEXANDRIA, Va. (9/30/10)—Two former credit union employees have been banned from future work at any federally insured financial institution under prohibition orders issued by the National Credit Union Administration (NCUA). In a Wednesday announcement, the NCUA noted the following details of the enforcement orders:
* Carla Daniels, a former employee of School Systems FCU in Albany, N.Y., was convicted of grand larceny and sentenced to five years' probation; and * John Freundner, a former employee of BMI FCU in Dublin, Ohio, was convicted of theft. Freundner was sentenced to five years' mental health supervision and 60 hours of community service, and ordered to pay $125,025 in restitution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
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