Teller-Turned-Manager Banned ForFour-Decade Embezzlement
ALEXANDRIA, Va. - (04/05/06) -- A former teller and later branchmanager of Utah Copper Employees CU, involved in one of thelongest-running fraud scheme in credit union history, was barredfrom the credit union industry by NCUA, the federal regulatorannounced Tuesday. Barbara Coward was sentenced to almost fouryears in prison and ordered to pay $2.3 million in restitution tothe credit union for a sophisticated loan-kiting scheme sheoperated over 40 years, from 1963, when she was hired as a teller,to 2003 when the scheme was uncovered after she worked her way upto branch manager. Also banned from the industry was Connie Morris,a former vice president at Federal Building FCU, Memphis, Tenn.,who embezzled more than $800,000 over four years from the creditunion, most of which she used to pay off credit-card bills for herand her family. Also banned were: Lisa Bramble, former bookkeeperof Sierra Central CU, Yuba City, Calif.; Latisha Davis, formerteller at Weststar CU, Las Vegas; Denise Hill, former bookkeeper atPort of Houston Warehouse FCU, Houston; Al Kinsey, Jr., formerchairman of the board at First Hialeah Community CU, Hialeah, Fla.;Anthony Staccone, former treasurer/manager Lonza FCU, Williamsport,Pa.; and Douglas Wild, former president of Garden Savings FCU,Parsippany, N.J.