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News Now

Washington
Restitution employment ban ordered for two by NCUA
ALEXANDRIA, Va. (11/23/10)—Two former credit union employees have been banned from future work at any federally insured financial institution, as well as ordered to pay substantial restitutions, under prohibition orders issued by the National Credit Union Administration (NCUA). In a Monday announcement, the NCUA noted the following details of the enforcement orders:
* Eugene Miley, an institution affiliated party of Moonlight CU in Worthington, Pa.; Stanwood Area FCU in New Stanton, Pa.; and Vantage Trust FCU in Wilkes-Barre, Pa., was convicted of theft and sentenced to 58 to 148 months in prison, 300 hours of community service, and will be required to pay more than $2 million in restitution; and * Ira Rudin, a former employee of Central CU in Rego Park, N.Y., was convicted of embezzlement. Rudin was sentenced to 21 months imprisonment, threeyears supervised release, and ordered to pay $175,000 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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