Former Indiana CU assistant manager sentenced for bank fraud
Former Illinois credit union teller gets prison time and a former Florida credit union employee is charged with theft.
Paula Awe, a former assistant manager of an Indiana credit union who ran a check-kiting scheme along with her manager, was sentenced last week to 18 months in prison.
U.S. District Court Judge Jon E. DeGulio in Hammond, Ind., also ordered Awe to pay $180,000 restitution and to serve two years of supervised release following her prison sentence.
She pleaded guilty to bank fraud in February.
Awe and her manager, Sandra Santay, of the Lakeside Federal Credit Union in Hammond, had each been operating two independent check-kiting schemes that fraudulently inflated their respective share accounts over three years, according to court documents.
The scheme was detected by a routine NCUA examination.
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