Former Florida CU employee sentenced to 10 years for $5 million embezzlement
Federal prosecutors reveal a sinister motive behind Duane Allen Sikes’ years-long massive theft.
U.S. District Judge Brian J. Davis sentenced the former credit union employee to 10 years in federal prison for mail fraud, embezzlement of credit union funds and filing a false federal income tax return.
During a two-day sentencing hearing that ended on Monday, however, Florida federal prosecutors said there was a sinister motivation as to why Duane Allen Sikes embezzled more than $5 million from Vystar Credit Union in Jacksonville, Fla.
Sikes allegedly paid underage boys of middle school and high school ages to allow him to take photos of them naked, often while swimming in his pool, and to perform certain acts on each other, federal prosecutors wrote in a sentencing memo to Judge Davis.
Sikes’ lawyers have denied these allegations, arguing in court documents that they have never been proven or prosecuted.
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