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Former CEO of Pa. credit union sentenced to 24 months in federal prison

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Former CEO of Pa. credit union sentenced to 24 months in federal prison

U.S. District Court Judge John Jones III sentenced formerHD York Federal Credit UnionCEO and Manager Sherry Garner to 24 months in federal prison for evading$19,069 in federal income taxes on money she embezzled from the York, Pa.-based credit union.

A July 20 news release from the U.S. Attorney's Officequoted U.S. Attorney Peter Smith as saying that Garner previously pled guilty Feb.19 to a criminal information charging her with bank larceny and tax evasion.

Between 2010 and 2013, Garner embezzled $252,106 from thecredit union. She failed to report $70,983 in stolen income on her federalincome tax return for 2011.

Garner also admitted the total tax loss to the IRS on herunreported $252,106 income was $62,704.

She was ordered to pay restitution of $252,106 to CUMISInsurance Society Inc., and $62,704 to the IRS. She is to surrender to theBureau of Prisons Sept. 19.

HD York mergedwith York, Pa.-based White RoseCredit Union in 2014.