NCUA bans former cashier and loan officer who stole more than $ 195,000
A former credit union teller and loan officer who collectively embezzled $ 195,513 from members has been banned from participating in the affairs of any federally insured financial institution, the NCUA said Tuesday.
Hector Andres Aleman is currently serving a 28-month sentence in state prison for stealing $ 178,844 from March 2018 to July 2019, while working as a cashier for the $ 911 million Pima Federal Credit Union in Tucson, in Arizona.
He applied for loans from the credit union on behalf of two victim members without their knowledge or authorization and kept the money to himself, state prosecutors said. Aleman also accessed and stole funds from members’ savings accounts, a money market account, an IRA account, and other accounts. Additionally, Aleman forged probate documents, including a notarized affidavit, for a deceased victim member so that the former cashier could direct the estate’s assets to himself, state prosecutors said.
Pima County Superior Court Judge Renee T. Bennett ordered Aleman to pay restitution in the amount of $ 32,046 to a victim member, $ 10,000 to the Pima Federal Credit Union and $ 139. $ 369 to CUNA Mutual Group.
After facing 20 counts of fraud, theft, forgery and identity theft, Aleman pleaded guilty to one count of attempted fraudulent scheme in state court in October, according to court records.
His prison term began on November 8. He is expected to be released in March 2024, according to the Arizona Department of Corrections, Rehabilitation and Reintegration.
Elizabeth Ann Oliver, a former loan officer with the $ 63.4 million Lancaster Red Rose Credit Union in Leola, Pa., Was sentenced to probation after pleading guilty in August 2020 in County Plea Court of Lancaster for theft by deception, identity theft and falsification of records.
From January 2013 to June 2018, she stole over $ 16,000.
In December 2018, husband and wife found a car loan and credit card on their accounts that they had not applied for, and they also found a series of suspicious withdrawals from their accounts dating back to January 2013. The credit union contacted the police. and launched an internal investigation, which confirmed the fraud in 2019.
In 2013, Oliver took a cash advance in the amount of $ 14,514 on a fraudulent credit card account in the name of the couple’s then-one-year-old son. Three years later, she created a bogus car loan for $ 26,169 using his wife as a borrower, according to the survey.
Police discovered that Oliver was a longtime friend of one of the victims.
The vehicle assigned to the loan did not exist. Instead, Oliver indicated that a 2015 Ford Explorer was purchased, but used the VIN from a 2008 Ford Fusion that the couple had previously and legitimately funded through the LCRRCU. According to the investigation, the funds from the car loan were used to pay off the balance on the fake credit card and funds that Oliver withdrew from the couple’s joint credit union account.
Oliver was ordered to pay restitution of $ 16,699 and legal costs and fees of $ 3,407, according to court records.