Feds: Former York credit union CEO embezzled $252K
A former chief executive officer of a York-area federal credit union embezzled more than a quarter-million dollars over a three-year period, according to federal court records.
Sherry A. Garner, 53, of Red Lion, also is charged with evading federal income taxes, according to those documents.
She allegedly stole $252,106 from the former HD York Federal Credit Union, 3214 E. Market St. in Springettsbury Township, between January 2010 and September 2013, records state. At the time, she was the CEO and manager of the credit union, which in 2014 merged with White Rose Credit Union.
And in 2012, Garner filed a false and fraudulent federal income tax return to avoid paying thousands of dollars in taxes, federal court documents allege.
Garner's joint return for calendar year 2011 stated she and her then-husband's joint income was $93,869, for which $15,719 in taxes was owed, according to documents.
Instead, Garner and her husband jointly made $164,852, for which $34,811 was owed, records state.
That's a difference of about $19,000.
The nearly $71,000 in income Garner failed to report was money she is accused of stealing, according to a news release from Dawn Mayko, spokeswoman for the U.S. Attorney's Office in Harrisburg.
The federal charges were filed Tuesday, according to court records, and no arraignment date has been set.
Prior to that, in October, Garner signed a proposed plea agreement with federal prosecutors in which she agreed to pay restitution to both the credit union and the Internal Revenue Service.
The proposed agreement must be approved by a judge before it is binding.
Garner faces up to 15 years in prison and a $350,000 fine, according to Mayko's news release.
Garner does not have a public phone listing and her federal public defender, Heidi Freese, could not be reached for comment Friday.
— Reach Liz Evans Scolforo at email@example.com.