Federal Prosecutors allege credit union CEO embezzled $2M
ACG, 23 March 2021
In May 2017, five months after Stacey Shaw became president and CEO of the International Brotherhood of Electrical Workers Local Union 712 Federal Credit Union in Beaver, Pennsylvania, she opened credit cards issued by the union. Federal prosecutors allege she made more than $2 million in charges and cash advances through March 2020, according to a report in the Pittsburgh Post-Gazette.
Court documents filed by prosecutors in U.S. District Court in Pittsburgh charged Shaw with one felony count of embezzlement from a federal credit union and two felony counts of failing to file federal income tax returns. Continue reading “Article: Federal Prosecutors allege credit union CEO embezzled $2M”
