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Wednesday, May 1, 2013

Second woman sentenced in credit union embezzling scheme in Pennsylvania



 A former assistant manager of a Lawrence County credit union has been sentenced to 30 months in federal prison and ordered to repay nearly $223,000 for her role in an embezzling scheme that also saw her former boss convicted.
Stacy L. Attisano of 1656 Houk Road, Slippery Rock Township, Lawrence County, will also spend three years on supervised released and must pay the Internal Revenue Service $37,400 in restitution, a federal judge ruled April 19 in U.S. District Court in Pittsburgh.

Attisano pleaded guilty in December to embezzlement and four counts of tax evasion.
In January, another Slippery Rock resident and the credit union's former manager, Holly Cowan of 1846 Fairview School Road, was sentenced to 15 months in prison and also ordered to repay $223,000 to Cumis Insurance Society Inc. of Madison, Wisc., the fidelity bond issuer for the now-defunct Lawrence County School Employee Federal Credit Union, formerly in New Castle.
Cumis claimed in a civil suit that the women embezzled about $811,000 from 2004 through 2009 by steering money into an account through falsified deposits and loan payments.
Neither woman responded to the Cumis' civil suit and default judgements were issued against them last year.
Besides embezzling money, the IRS said Attisano filed false tax returns in 2006, 2007, 2008 and 2009 claiming taxable income far less than what she actually had made.
The women were the credit union's only employees, prosecutors said. After the embezzlement was discovered, the credit union was placed in involuntary liquidation by the National Credit Union Administration board in March 2010.
When it was liquidated, the credit union had $2.6 million in assets and 1,085 members.

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