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Guilty Plea from Former VA Hospital Federal Credit Union President

A former VA Hospital Federal Credit Union President pleads guilty.
A former VA Hospital Federal Credit Union President pleads guilty. 45 year old Karen York pleaded guilty to a federal information charging credit union embezzlement.

At the change of plea hearing, the defendant admitted that she engaged in a check kiting scheme and made false deposit entries to her account, and subsequently, falsified records to hide the fact that funds were missing from the VA Hospital Federal Credit Union.

The defendant also admitted to using VA Hospital Federal Credit Union funds for an unauthorized pay increase and
unreimbursed health insurance. An audit from December 2000 through June 2012 determined a fraud loss of $62,513.09 attributed to the defendant, but the defendant repaid a portion of that loss on the day she was suspended. The parties agreed that the defendant owes restitution in the amount of $43,940.59.

The statutory penalty for credit union embezzlement, in violation of 18 U.S.C. § 657, is not more than 30 years incarceration in the Bureau of Prisons with a possible fine of up to $1,000,000, and not more than 5 years supervised release. The investigation was conducted by the United States Secret Service.
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