In a shocking revelation, Donna Harabin, 61, former president and manager of Telco Federal Credit Union in Elmira, New York, has been sentenced to time served for making false credit institution entries.
Between January 2008 and December 2008, Harabin altered the delinquency dates and falsified payment entries on various loan accounts, making it appear as though the loans were more current than they actually were.
Assistant U.S. Attorney Tiffany H. Lee stated that Harabin knew the accounts were delinquent and in default, but she changed the due dates and payment information in the reports to deceive.
The credit union, under Harabin’s management, suffered as a result of her actions. The extent of the damage is still unknown.
U.S. Attorney William J. Hochul, Jr. announced the sentencing, which was carried out by U.S. District Judge David G. Larimer.
Assistant U.S. Attorney Tiffany H. Lee handled the case, which was investigated by Special Agents from the Federal Bureau of Investigation, under the direction of Special Agent in Charge Brian P. Boetig.
Harabin’s actions have left many questioning the integrity of the credit union’s management and the need for greater oversight in the financial industry.
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Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release ↗
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