ALEXANDRIA, Va. (Jan. 31, 2013) – The National Credit Union Administration (NCUA) has issued orders prohibiting the following individuals from participating in the affairs of any federally insured financial institution:
- Paul A. Amato, former vice president of finance for Medical Area Federal Credit Union located in Brookline, Mass., consented to the issuance of a prohibition order to avoid the time, cost and expense of administrative litigation.
- Aimee Lyn Bailey, a former employee of Credit Union of America, in Wichita, Kan., was convicted of theft. Bailey was sentenced to a 24-month probation, one year of supervised release and ordered to pay restitution in the amount of $51,773.14.
- Joseph J. Cicione, III, former CEO of Alliance Blackstone Valley Federal Credit Union in Pawtucket, R.I., consented to the issuance of a prohibition order to avoid the time, cost and expense of administrative litigation.
- Raymond Cordero, a former employee of Envision Credit Union in Tallahassee, Fla., pleaded nolo contendere to counts of bank fraud, fraudulent use of a credit card, criminal use of personal information and grand theft. Cordero was sentenced to 45 days in prison, four years of probation and ordered to pay restitution in the amount $11,887.
- Kristi Lynn Hunter, a former employee of the Russell Country Federal Credit Union in Great Falls, Mont., was convicted of embezzlement. The court deferred the imposition of sentence for a period of four years and ordered Hunter to pay restitution in the amount of $4,928.78.
- Teresa D. Johnson, a former employee of SAFE Federal Credit Union in Sumter, S.C., pleaded guilty to the charge of embezzlement. Johnson was sentenced to 21 months in prison, five years of supervised release and ordered to pay restitution in the amount of $241,272.90.
- William Robert Liddle, a former employee of AEA Federal Credit Union in Yuma, Ariz., was convicted of conspiracy, fraud, wire fraud and transactional money laundering. Liddle was sentenced to 15 years in prison, five years of supervised release and ordered to pay restitution in the amount of $25,389,425.
- Tiffany Samuells, a former employee of Clara Barton Federal Credit Union, in Washington, D.C., pleaded guilty to the charge of conspiracy to commit bank fraud. Samuells was sentenced to 15 months in prison, five years of supervised release and ordered to pay restitution in the amount of $497,150.
- Brian E. Tyler, a former employee of East Kentucky Employees Federal Credit Union in Winchester, Ky., was convicted of embezzlement. Tyler was sentenced to one year in prison, five years of supervised release and ordered to pay restitution in the amount of $104,684.81.
NCUA enforcement orders are available online at http://go.usa.gov/4ReQ and for inspection at NCUA’s Office of General Counsel between 9 a.m. and 4 p.m. Monday through Friday. You may order copies may by mail from NCUA, 1775 Duke St., Alexandria, VA 22314-3428.
NCUA also makes available links to the enforcement actions of other federal regulators against other institutions or their affiliated parties at http://go.usa.gov/gFP5.
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 101
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.