Loan Supervisor Jailed For $219,000 Theft
GREENBELT, Md. – A former loan supervisor for Education Systems Employees FCU was sentenced this week to 51 months in prison and ordered to pay restitution for embezzling $219,000 from the credit union through an identity theft scheme.
Felicia Douglas, 42, admitted creating fraudulent checking and share accounts, loans, lines of credit (LOC), and credit card accounts in the names of at least five credit union members, including one who was deceased at the time of the conduct, and manipulated these accounts to increase credit limits, without the members’ knowledge.
Douglas concealed the scheme by using a portion of the funds she fraudulently obtained to repay some of the loans, LOC, and credit card accounts, by backdating transactions and changing terms, such as due dates, and by altering mailing instructions on the accounts to prevent statements and notifications from being sent to the victim members.
The loss to credit union as a result of Douglas’ scheme was at least $219,390.