CINCINNATI, Ohio - (10/22/0) -- A former assistant manager atPrinceton Employees CU pleaded guilty Wednesday to embezzling$675,000 from the tiny credit union through a phony loan scam.Janie Allen, 46, of Liberty Township, pleaded guilty to aggravatedtheft, tampering with records and forgery. Allen, who worked forthe $6 million credit union for three years, took out fictitiousloans in the names of various family members and also used acheck-kiting scheme to shift the funds around. She confessed totampering with records, changing computer data and signing otherpeoples' names to documents. She is scheduled for sentencing Jan.5.
Manager Pleads Guilty To Bogus LoanScheme
October 22, 2004, 1:00 a.m. EDT 1 Min Read
