NCUA issues 4 prohibition orders in July

Regulation and Law

August 3, 2015

NCUA issued four prohibition orders in July to bar individuals previously associated with credit unions from any future participation in the affairs of a federally insured financial institution.
 
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million. NCUA’s prohibition orders are as follows:

  • Donald Battles, a former employee of Rancho Federal Credit Union in Downey, Calif., was sentenced on the charge of elder theft. Battles was sentenced to 40 days in prison, three years of probation and 300 hours of community service, and ordered to pay restitution in the amount of $21,400.
  • Christina Christy, also known as Christina Pace, a former employee of Gateway Credit Union in Clarksville, Tenn., pleaded no contest to forgery and received a three-year probation.
  • Catherine Marriott, a former employee of UMICO Federal Credit Union in New Hartford, N.Y., pleaded guilty to grand larceny, was sentenced to five years of probation and ordered to pay restitution in the amount of $26,000.
  • Lindsey Zes, a former employee of Vystar Credit Union in Jacksonville, Fla., pleaded guilty to grand theft and received a two-day unsupervised probation.

A record of all of the agency’s enforcement orders is available in a searchable database on the agency’s website.

 

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