Tuesday, February 10, 2009

Cherry Valley woman sentenced for taking $1 million from credit union

A 40-year-old woman was sentenced to nearly four years in prison for embezzling more than $1 million from the Rock Valley Federal Credit Union.

Lisa Farel was given three years and seven months in prison, as well as five years of supervised release. In October of last year she pleaded guilty to taking more than $1 million from the credit union over a 15-year period starting in 1993. Farel was manager of the credit and debit card portfolio department during that time.

After being charged, she admitted to manipulating 73 credit card accounts after pretending to close them.

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