Former Credit Union Loan Supervisor Gets Over Four Years for Bank Fraud

U.S. District Judge Peter J. Messitte sentenced Felicia Douglas, age 42, of Upper Marlboro, Maryland, today to 51 months in prison followed by five years of supervised release for bank fraud and aggravated identity theft in connection with a scheme to defraud customers at the credit union where she worked. Judge Messitte also entered an order that Douglas pay $194,380.79 in restitution. According to Douglas' plea agreement, between January 2001 and November 2005, she created fraudulent checking and share accounts, loans, lines of credit ("LOC”), and credit card accounts in the names of at least five ESEFCU customers, as a loan supervisor at the Educational Systems Employees Federal Credit Union ("ESEFCU”). She manipulated these customers' existing LOC and credit card accounts to increase credit limits, without the customers' knowledge. The loss to ESEFCU as a result of Douglas' scheme was at least $219,390.79. Posted in: Internal Fraud