ALEXANDRIA, Va. (April 3, 2012) – The National Credit Union Administration (NCUA) issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Cynthia Vaughan, a former employee of Rockland Employees Federal Credit Union, Spring Valley, N.Y., was convicted of bank fraud. Vaughan was sentenced to 18 months in prison, three years supervised probation, and ordered to pay restitution in the amount of $150,000.
- Daniel Mahiai, a former employee of Molokai Community Federal Credit Union, Kaunakakai, Hawaii, was convicted of embezzlement. Mahiai was sentenced to 27 months in prison, five years supervised probation, and ordered to pay restitution in the amount of $168,280.39.
- Jason J. LaPierre, a former employee of Hudson Community Credit Union, Corinth, N.Y., was convicted of grand larceny. LaPierre was sentenced to a minimum of three to nine years in prison.
- Joyce Ann Outlaw, a former employee of Shuford Credit Union, Granite Falls, N.C., was convicted of embezzlement. Outlaw was sentenced to 36 months of supervised probation and ordered to pay restitution in the amount of $5,000.
- Melinda K. Riddle, a former employee of Leavenworth Teachers & Community Credit Union, Leavenworth, Kan., was convicted of theft. Riddle was sentenced to two years supervised probation and ordered to pay restitution in the amount of $66,192.22.
- Nathaniel Ham, a former employee of NY Team Federal Credit Union, Hicksville, N.Y., was convicted of conspiracy to launder money and engage in monetary transactions involving criminally derived funds. Ham was sentenced to 32 months in prison, three years supervised probation, and ordered to pay restitution in the amount of $1,136,034.
NCUA enforcement orders are online at http://go.usa.gov/Plq and you may inspect them at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You may order copies by mail from NCUA, 1775 Duke St., Alexandria, Va. 22314-3428.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of more than
99 million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.