Ex-Manager Banned For EmbezzlementScheme

March 17, 2005, 1:00 a.m. EST 1 Min Read

ALEXANDRIA, Va. - (03/17/05) -- NCUA said Wednesday it issued aprohibition order banning the former manager of Phenix Pride FCUfrom the credit union industry for stealing more than $205,000 fromthe Pride City, Ala., credit union. Bessie Jo Peoples was convictedof theft and sentenced to six months in jail and ordered to pay$205,434 in restitution for the scheme. Also banned by NCUA were:Jason Nunez who pleaded guilty to stealing $49,884 from CreditUnion of Southern California, Whittier, calif.; and Sarah Lockwood,former loan officer with BNSF CU, Amarillo, Texas.

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