Tuesday, January 17, 2012

Former Oregon Banker Sentenced For Embezzling $146K From Credit Union

Lenora Colburn, 49, of Eugene, Oregon, has been sentenced to one year of home detention for embezzling about $146,000 from the SELCO Community Credit Union, where she had been employed as supervisor and assistant manager.  According to authorities, over a period of 8 years, from 2003 through 2011, Colburn siphoned funds from the credit union, concealing the thefts by creating phony cash transactions, rigging internal audits and manipulating balances in cash drawers and vaults.  Colburn, who has reportedly been diagnosed as a "pathological gambler," a factor which apparently contributed to her embezzlement, has also been ordered to pay restitution, perform 600 hours of community service and is barred from entering a casino.  Colburn was originally charged last year in the case and plead guilty in November 2011.

Read the story here and here.

Another unfortunate weak sentence....

No comments: