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Former bank manager charged with tax evasion, embezzlement

A Pennsylvania woman is facing serious federal charges connected to her former employment as the manager of a credit union. She is charged with both tax evasion and embezzlement, and it appears that she is willing to accept a plea agreement to resolve those charges. She is expected to be arraigned soon, and there is no word on what punitive measures may be in store for her.

The 58-year-old woman was the Chief Executive Officer and Manager for HD York Federal Credit Union. That institution has since merged with White Rose Credit Union. She worked in that position between 2010 and 2013 and is accused of embezzling more than $250,000 from the credit union in that period of time. According to the Internal Revenue Service, she failed to report nearly $71,000 of that stolen money on her tax returns, which led to a tax payment that was more than $19,000 short of what was owed.

The plea agreement on file in the case asserts that the woman has admitted to a tax loss of more than $62,000. She will make restitution to both the IRS and the credit union. The details of those payments will be determined by the court.

When an individual accepts a plea deal, it is usually with the hope of obtaining a lesser sentence than what would be handed down in the event of a trial and conviction. In this case, the Pennsylvania woman could receive a prison term of 15 years and a fine of $350,000 if convicted on all charges. By accepting the plea agreement, she will almost certainly receive a far more lenient sentence for the charges of tax evasion and embezzlement.

Source: fox43.com, "Former York Federal Credit Union manager charged with embezzlement and fraud", Paul Smith, Feb. 5, 2016

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