Two former affiliated persons from credit unions who were convicted of financial crimes last year were “permanently prohibited” from participating in the affairs of any federally insured deposit institution under recent orders by the National Credit Union Administration (NCUA).
The NCUA, in a release, said that:
- Jorge Navarro, a former institution-affiliated party of URW Community Federal Credit Union, Danville, Va., was sentenced in U.S. District Court, Middle District of North Carolina, on one count of misapplication and embezzlement from a credit union, and one count of uttering counterfeit United States currency in connection with his employment at the credit union.
- Robert P. Shorkey, a former institution-affiliated party of DFCU Financial, Dearborn, Mich., was sentenced in U.S. District Court, Eastern District of Michigan, on one count of financial institution fraud in connection with his employment at the credit union.
The NCUA said the judge in the first case sentenced Navarro to 87 months imprisonment (on each of the two counts, to run concurrently), five years supervised release, and ordered $618,600.43 in restitution. In Shorkey’s case, it said, the judge sentenced Shorkey to six months imprisonment (four months in custody, two months of home confinement), 18 months of supervised release, and ordered $135,200 in restitution.