Employee Swiped $94,000 From Grandparents’ CU Accounts

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BILLINGS, Mont. – A former business development officer at Montana Health FCU on Wednesday was sentenced to a year and a day in prison for embezzling more than $110,000 from the credit union, including $94,158 she siphoned from her grandparents’ accounts there.

Sarah Housley, 34, in April pleaded guilty to one count of bank embezzlement for stealing from the credit union, where she had been employed for seven years.

An investigation found Housley stole $94,158 from her grandparents’ account in hundreds of transactions and embezzled additional money from her teller drawer. The thefts occurred from January 2008 to July 2010. An investigation began when the credit union’s CEO noticed that Housley was having problems balancing her personal account.

The credit union reimbursed Housley’s grandparents for their losses, while the credit union’s insurance company paid the entire amount, minus a deductible, to the credit union.

 

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