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May 31, 2017
NCUA bans 4 from future service in FIs
NCUA issued four prohibition orders in May to bar individuals previously associated with credit unions from any future participation in the affairs of a federally-insured financial institution.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Names and details from this month's prohibition orders follow:
• Michael LaJoice, a former employee of Clarkston Brandon Community Credit Union in Clarkston, Mich., pleaded guilty to the charge of bank fraud and was sentenced to 11 years in prison, three years' supervised release and was ordered to pay more than $17.7 million in restitution.
• Brittney Merisier, a former employee of Space Coast Credit Union in Melbourne, Fla., consented to a prohibition order and agreed to comply with all of its terms.
• Sara Jo Morrison, a former employee of Black Hills Federal Credit Union in Rapid City, S.D., pleaded guilty to the charge of embezzlement and was sentenced to one month in prison, two years' supervised release and was ordered to pay $5,400 in restitution.
• Nicole Wombacher, a former employee of Your Choice Federal Credit Union in Altoona, Pa., pleaded guilty to charges of theft and receiving stolen property, was sentenced to one year in prison and was ordered to pay $10,802 in restitution.
NCUA enforcement orders are available via a searchable database online.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. Names and details from this month's prohibition orders follow:
• Michael LaJoice, a former employee of Clarkston Brandon Community Credit Union in Clarkston, Mich., pleaded guilty to the charge of bank fraud and was sentenced to 11 years in prison, three years' supervised release and was ordered to pay more than $17.7 million in restitution.
• Brittney Merisier, a former employee of Space Coast Credit Union in Melbourne, Fla., consented to a prohibition order and agreed to comply with all of its terms.
• Sara Jo Morrison, a former employee of Black Hills Federal Credit Union in Rapid City, S.D., pleaded guilty to the charge of embezzlement and was sentenced to one month in prison, two years' supervised release and was ordered to pay $5,400 in restitution.
• Nicole Wombacher, a former employee of Your Choice Federal Credit Union in Altoona, Pa., pleaded guilty to charges of theft and receiving stolen property, was sentenced to one year in prison and was ordered to pay $10,802 in restitution.
NCUA enforcement orders are available via a searchable database online.
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