Two from credit unions prohibited after sentencing for theft, money laundering/bribery conspiracy

Two former employees of credit unions were ordered prohibited by the financial institutions’ federal regulator this month, following sentencing for crimes committed, the agency said Thursday.

The orders from the National Credit Union Administration (NCUA) – which prohibit both from participating in the affairs of any federally insured financial institution (without the prior consent of NCUA and another federal financial institution regulator if the person seeks work at a bank or thrift) – were issued this month.

According to NCUA, orders prohibit Ashley Bagley, a former employee of Great Northwest Federal Credit Union in Aberdeen, Wash., and Kevin Biederman, a former employee of Philadelphia Federal Credit Union in Philadelphia, Pa. Bagley was sentenced on the charge of theft in the first degree; Biederman was sentenced on the charges of conspiracy to commit money laundering and bank bribery.

Bagley was sentenced Aug. 2 in the Superior Court of Washington for Pacific County, in connection with her employment at Great Northwest Federal Credit Union. Biederman was sentenced Sept. 4 in U.S. District Court for the Eastern District of Pennsylvania, in connection with his employment at Philadelphia Federal Credit Union.

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