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Administrative Order: In the Matter of Joseph Guagliardo

21-0101-ER
Administrative Order: In the Matter of Joseph Guagliardo
First Name
Joseph
Last Name
Guagliardo
Relationship
Former Member of the Supervisory Committee
Institution
Municipal Credit Union
City
New York
State
New York
Year
2021
Docket Number
21-0101-ER

NOTICE OF PROHIBITION

WHEREAS on or about July 27, 2020, Joseph Guagliardo (“Guagliardo”) was sentenced on the charge of Embezzlement from a Credit Union 18 U.S.C. § 657, a charge to which he pleaded guilty, in the United States District Court for the Southern District of New York, in connection with his service as a member of the Supervisory Committee at Municipal Credit Union;

WHEREAS a violation of 18 U.S.C. § 657 is a criminal offense involving dishonesty and breach of trust;

NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT:

  1. Pursuant to 12 U.S.C. § 1785(d)(1)(A) and 12 U.S.C. § 1829(a)(1)(A), Guagliardo is prohibited from becoming an “institution affiliated party” of any insured depository institution, as defined in 12 U.S.C. § 1786(r); otherwise participating, directly or indirectly, in the conduct of the affairs of any insured depository institution; and owning or controlling, directly or indirectly, any insured depository institution;
  2. Pursuant to 12 U.S.C. § 1785(d)(1)(B) and 12 U.S.C. § 1829(a)(1)(B), no insured depository institution may permit Guagliardo to engage in any conduct or continue in any relationship prohibited in paragraph 1 above;
  3. Pursuant to 12 U.S.C. § 1785(d)(3) and 12 U.S.C. § 1829(b), whoever knowingly violates paragraph 1 or 2 above is subject to a fine of not more than $1 million for each day such prohibition is violated, or imprisonment for not more than five (5) years, or both;
  4. The “Judgment in a Criminal case” document, Docket No. 1:20cr00023-01, is made a part hereof and is incorporated herein by reference; and

ISSUED this 2nd day of February, 2021.

NATIONAL CREDIT UNION ADMINISTRATION

/s/


Rob F. Robine
Trial Attorney
NCUA Office of General Counsel

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