Feds Probe Employee Theft Of $500,000 At Atlantic Regional FCU

Register now

BRUNSWICK, Maine – In an unusual order of events, Atlantic Regional FCU has filed a civil suit claiming one of its employees stole as much as $520,000 from member accounts, even as federal investigators are continuing a criminal probe in the case.

Marsha Richard, terminated recently after 23 years at the credit union, is accused in the state suit of taking credit union funds and depositing them in her own accounts and those of friends and relatives. Richard, who ran the cards services department and was recently honored for being the credit union’s outstanding employee, apparently was stealing the money for years, according to the suit.

The case is being investigated by the FBI.

An attorney for Richard did not return a phone call seeking comment.

 

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER