Former police credit union executive pleads guilty to theft
LOUISVILLE, Ky. (AP) — A former vice president of a Kentucky police officer credit union has pleaded guilty to federal charges of fraud and identity theft.
The U.S. Attorney in Louisville says 46-year-old Josephine Crowe took part in a scheme to defraud the Louisville Metro Police Officer’s Credit Union of more than $3 million over four years.
The U.S. Attorney says Crowe took cash from the credit union’s vault and teller drawers beginning in 2013.
In order to compensate for the missing money, Crowe engaged in various methods to obtain cash for the credit union’s day-to-day operations. Authorities say Crowe created hundreds of fictitious, unauthorized loans.
Crowe is facing a minimum 24 months or a maximum of 32 years in prison, and a combined maximum fine of $1.25 million.