Tara Kewalis, Embezzlement, Connecticut 2021

Tara Kewalis, the former president and CEO of Skyline Financial Federal Credit Union in Waterbury, Connecticut, has been accused of embezzling $250K from the institution.

According to court documents and statements made in court, Kewalis used her position to access the credit union’s accounting system and create fraudulent accounts. She then made fraudulent entries and stole $254,532 in credit union funds from September 2016 until her employment was terminated in March 2021.

Kewalis, 50, of Beacon Falls, waived her right to be indicted and pleaded guilty to one count of embezzlement by a credit union officer or employee, an offense that carries a maximum term of imprisonment of 30 years.

The case is being prosecuted by Assistant U.S. Attorney Michael S. McGarry, and has been conducted by the Federal Bureau of Investigation.

Kewalis is currently released on a $50,000 bond pending sentencing, which has been scheduled for March 1. If convicted, she faces up to 30 years in prison and a hefty fine for her actions.

The investigation into Kewalis’ actions has raised questions about the oversight and accountability within financial institutions, and the need for stronger regulations to prevent similar cases of embezzlement in the future.

As the former president of a credit union, Kewalis was entrusted with the responsibility of managing the institution’s finances. However, her actions demonstrate a blatant disregard for this trust, and have caused significant financial losses for the credit union and its members.

Tara Kewalis, Defendant, Embezzlement, Connecticut, 2021. Kewalis, 50, of Beacon Falls, pleaded guilty to one count of embezzlement by a credit union officer or employee. The offense carries a maximum term of imprisonment of 30 years. Kewalis faces sentencing on March 1, and is currently released on a $50,000 bond pending the outcome.

The case is a stark reminder of the need for greater transparency and accountability within financial institutions, and the importance of robust regulations to prevent similar cases of embezzlement in the future.

Tara Kewalis, the former president of Skyline Financial Federal Credit Union, pleaded guilty to embezzling $250K from the institution. Kewalis faces up to 30 years in prison and a hefty fine for her actions.

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