CLARKSVILLE, Tenn.—Another CEO of a small credit union is accused of defrauding the institution she once led.
Christina Pace, former CEO of the $13 million Gateway CU here, is charged with 17 counts of forgery, including false bookkeeping.
Tennessee Bureau of Investigation agents received indictments for the 34-year-old Pace.
At the request of 19th District Attorney General John Carney, TBI special agents started an investigation involving Pace on May 29, 2013. During the investigation, agents uncovered evidence that Pace altered monthly balance sheets delivered to the CU's board of directors.
By concealing the true value of the credit union for about two years, Gateway suffered a net loss of about $400,000.
Agents also allege Pace misused a corporate credit card for her personal benefit. Though Pace paid back the credit union after an audit discovered the issue, Gateway terminated Pace.
The former CEO turned herself in Thursday evening at the Montgomery County Jail, where she was released after posting $5,000 bond.
