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April 01, 2019

NCUA bans 2 from future work in FIs

NCUAThe NCUA in March issued two prohibition notices, which bar individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution.

Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. The name and details from last month's prohibition order follow:

  • Gwendolyn Dubose, a former employee of Greater Abyssinia Federal Credit Union in Cleveland, Ohio, pleaded guilty to the charges of making false entries, identity theft and embezzlement. Dubose was sentenced to 64 months in prison, three years’ supervised release, and was ordered to pay $321,497.08 in restitution.
  • Carolyn LaFreniere, a former employee of SIS Insurance and Financial Services, LLC, in Latham, N.Y., pleaded guilty to the charge of petit larceny. LaFreniere was ordered to pay a $100 fine.

NCUA enforcement orders are available via a searchable database online.

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