ALEXANDRIA, La. – United States Attorney David C. Joseph
announced today that Cynthia J. Feazell, 48, of Montgomery, Louisiana, pleaded
guilty before U.S. District Judge Dee D. Drell to authorizing fraudulent loans
that caused nearly a quarter of a million dollars of loss to her credit union
employer.
According to the guilty plea, Feazell worked as a loan
officer and assistant manager at Valex Federal Credit Union in Rapides Parish
from 1997 to 2016. The defendant decided to purchase a mobile home in 2015 and
obtained loan funds from Valex. She did not qualify for the loan, so she
transferred three vehicle loans taken out in her name to her mother’s name in
order for her to qualify for the loan. Additionally, Feazell authorized loans
for her ex-husband, even though she knew he did not meet the Valex credit
requirements. Feazell falsified documents to accomplish the scheme and was
aware her actions were fraudulent. The defendant’s fraudulent acts caused Valex
a loss of $243,167.95.
Feazell faces 30 years in prison, five years of supervised
release, restitution and a $1 million fine.
The court set the sentencing date for December 17, 2019.
The FBI conducted the investigation. Assistant U.S. Attorney Kelly P. Uebinger is
prosecuting the case.
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