Wednesday, March 2, 2011

Pennsylvania Woman Indicted For Allegedly Embezzling $400K From Credit Union

Shirley A. Howl, 55, of Moon Township, Pennsylvania, has been indicted by a federal grand jury on charges she embezzled some $400,000 from West-Aircomm Federal Credit Union where she had been employed as head teller. Specifically, Howl has been indicted on 16 felony counts, including bank embezzlement and false entry in financial institution records. According to prosecutors, Howl's scheme spanned more than 2 years, from August 7, 2007, through November 9, 2009.

Read the story here, here and here.

Update (10/20/11): Howl, now 56, has pleaded guilty to one count of making a false entry in financial institution records in connection with her alleged embezzlement of some $400,000 from the West-Aircomm Federal Credit Union.  She is scheduled to be sentenced on February 16, 2012.

Update (2/18/12): Howl, now of New Brighton, Pennsylvania, has been sentenced to 27 months in prison and ordered to pay full restitution to the West-Aircomm Federal Credit Union. 

1 comment:

Anonymous said...

I've been in the banking business for over 30 years and have, over the years, been a teller and a head teller. I'm confused as to how this woman 'got away' with what she did for so long. Doesn't say much for the internal auditing practices of the FCU, now does it? Evidently this bank also doesn't practice 'dual-control' nor does it have its day-to-day work balanced by an employee other than the person who made the entries. I live in the town in which this bank is located and I certainly am thinking poorly of the management there.