––––––––––––––––––––
Subscribe to the Legal News!
http://www.legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available
- Posted November 26, 2012
- Tweet This | Share on Facebook
Credit union employee charged with racketeering, embezzlement
Michigan Attorney General Bill Schuette announced that a Toledo woman who allegedly pocketed approximately $2.1 million from the United Catholic Credit Union (UCCU) in Temperance, Michigan has been charged with bank embezzlement and racketeering, both felonies punishable by up to 20 years in prison.
Sharon Broadway, 61, of Toledo, Ohio, has been charged with embezzling approximately $2.1 million from UCCU since 1985. It is alleged that as manager, secretary, board member and sole employee of UCCU, Broadway was able to keep her crimes hidden for years using a complex money laundering scheme involving multiple aliases and forged checks. According to the charges, Broadway used the embezzled money as her personal funds.
OFIR closed UCCU in August 2012 and appointed the National Credit Union Administration (NCUA) as receiver. The NCUA insures credit union deposits much the same way the Federal Deposit Insurance Corporation (FDIC) insures bank deposits, therefore no UCCU depositors lost money.
Broadway was arraigned on November 15 on one count of financial institution embezzlement, a 20-year felony, and one count of racketeering, also a 20-year felony, before Chief Judge Jack Vitale in Monroe County's 1st District Court. Broadway was released on a $10,000 personal recognizance bond. Broadway waived her right to a preliminary exam and is next due in court for an Arraignment on the Information in 38th Circuit Court on December 7.
Published: Mon, Nov 26, 2012
headlines Washtenaw County
- National Center for State Courts supports new legislation to protect state court judges from escalating threats
- ABA Commission on Women in the Profession announces five recipients of the 2024 Margaret Brent award
- CDAM Honors
- ACLU launches interactive map that tracks book bans and other forms of censorship in Michigan
- Bodman attorney enjoys ‘code driven’ tax law
headlines National
- New Legalese: You may have heard a deepfake, but what about ‘Twiqbal’?
- From Intake to Outcome: An in-house lawyer’s guide to matter management solutions
- 2 BigLaw firms in merger talks that could produce 1,600-lawyer firm with top 50 revenue
- Send in the paralegals
- Lawyer reprimanded after mistakenly emailing opposing counsel with plan to avoid judge’s call
- ‘I don’t play well’ judge who threatened to track down, jail misbehaving litigant gets tossed from case