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Former VP Pleads Guilty to $1.2M Embezzlement
A 66-year-old former vice president of the Houston Police Federal Credit Union has been convicted of embezzling over $1.2 million from the organization.
Cheryl Vickers, 66, was charged in a criminal information filed December 7, 2015. On [current date], she appeared before U.S. District Judge Melinda Harmon to enter a plea of guilty to one count of embezzlement.
According to court documents, Vickers admitted to embezzling at least $1,247,785 from the credit union between January 1997 and February 2015. The embezzlement was discovered following her retirement in February 2015, when a credit union customer brought in a ‘stale’ check to have it re-issued.
During the investigation, it was found that Vickers had re-issued stale checks to credit card companies to pay her personal credit card bills, including a February 4, 2015, re-issued check in the amount of $7,800 to pay her Chase Bank credit card bill. Some of the re-issued checks even had her credit card number handwritten on them.
Vickers, a former vice president of accounting at the credit union, faces up to 30 years in federal prison at the time of her sentencing.
The charges are the result of an investigation conducted by the FBI, with assistance from the Federal Deposit Insurance Corporation – Office of Inspector General. Assistant U.S. Attorney Belinda Beek is prosecuting the case.
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Key Facts
- State: Texas
- Category: White Collar Crime|Fraud & Financial Crimes|Public Corruption
- Source: DOJ Press Release â†â€â€
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