Former credit union employee pleads guilty to financial fraud -

Former credit union employee pleads guilty to financial fraud

(KMOV) -- A woman from Plainview, Illinois plead guilty to financial institution fraud.

Kalicza Tegel-Mills, 26, was charged by Indictment on September 20, 2011.  She was employed by the Alton Employees Federal Credit Union from 2006, to 2010.

During that time Tegel-Mills help many positions including Vice President of Operations, Loan Officer, Member Service Representative, and Teller Supervisor.

It was found in court that Tegel-Mills defrauded the credit union by increasing personal loan amounts without supervisory approval and without completing proper loan papers.

She also made a wire transfer of credit union funds to purchase a truck for which no loan was put on the books of the bank, nor were payments made to the credit union, and that she posted payments to Visa credit card accounts for her and her husband, while corresponding debits were not made to her account.

Tegel-Mills sentencing is scheduled for March 5, 2012. She faces up to 30 years in prison, a fine of $1,000,000, and five years' supervised release.

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