A million-dollar embezzlement scam has rocked a local credit union in Texas, with two former employees facing serious charges.
According to a superseding indictment, Susanna Guajardo, 42, of Pearland, is accused of embezzling $1,154,876 and making false entries into the credit union’s books and records between at least 2010 and 2018. Guajardo was taken into custody today, at which time the indictment was unsealed, and is expected to make her initial appearance before U.S. Magistrate Judge Frances Stacy today at 10:00 a.m.
Grace Garza, alias Grace Valencia, 48, of Pasadena, was originally charged last month with two counts of embezzlement and was released on bond. She is expected to appear again in court on these charges in the near future.
The indictment alleges that Guajardo and Garza committed the embezzlement together, with Guajardo allegedly embezzling $1,154,876 and Garza embezzling $110,000. If convicted, each faces up to 30 years in federal prison and a possible $1 million fine.
The FBI conducted the investigation, with Assistant U.S. Attorney Belinda Beek prosecuting the case.
An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.
The case is a stark reminder of the importance of financial oversight and the devastating consequences of white-collar crime.
For more information, contact Assistant U.S. Attorney Belinda Beek at (713) 567-9000.
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Key Facts
- State: Texas
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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