Thursday, March 25, 2010

Arizona Woman Set To Be Sentenced For Embezzling From Bank

Marlene Aguilera Pena, 46, of Globe, Arizona, is due to be sentenced April 12th for misappropriating more than $860,000 from the Marian Miami Federal Credit Union, where she had been employed. Prosecutors alleged that Pena opened 141 fictitious loans with a total originated loan balance of approximately $2.1 million. Pena plead guilty to three counts of embezzlement, admitting that $860,377 was taken for her and her family's own benefit. The credit union is now defunct. The scheme lasted nearly six years, from January 2001 until November 2006, according to the indictment, which originally had 25 counts of embezzlement. She faces up to 30 years in prison for each of the three counts, plus restitution and a fine of up to $1 million.

Read the story here, here and here.

Read the DOJ announcement of her guilty plea here.

Update (5/14/10): Pena was sentenced to more than 4 years in prison, plus 5 years supervised release and must pay $1.2 million in restitution.

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