CEO Jailed Six Years For $220,000 Embezzlement

HOUSTON, Texas -- The former CEO of Deer Park FCU was sentenced to six years in state jail for stealing almost $220,000 from the credit union. Dawne Wilson, 43, was manager and sole employee of the one-time $9 million credit union located inside City Hall from 2004 to 2011 and handled the daily operations without any direct supervision. She began stealing from the credit union in January 2007 and the theft went undetected until 2011 when an outside audit uncovered evidence of fraudulent loan activity. Wilson stole the money using a variety of methods including funding fake loans using member’s names or fictitious names and depositing the proceeds to her personal account.

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