Former credit union loan officer and teller, Hector Andres Aleman, who embezzled $195,513 from elderly members was banned from ever participating in the affairs of any federally insured financial institution by the NCUA on Tuesday.
Aleman is currently serving a 28-month prison sentence for his crimes during the period of March 2018 to July 2019 during which he was employed by $911 million Pima Federal Credit Union in Tucson, Arizona. He has been ordered to repay more than $180,000 in restitution for acquiring loans in the names vulnerable people and keeping the cash, according to the Arizona Attorney General’s office.
Pima County Superior Court Judge Renee T. Bennett ordered Aleman to pay restitution in the amount of $32,046 to a member victim, $10,000 to Pima Federal Credit Union and $139,369 to CUNA Mutual Group.
His conviction stems from his fraud scheme in which he applied for loans in the names of two members without their authorization or knowledge and kept the cash for himself, state prosecutors said. Aleman also accessed and stole funds from members’ savings accounts, a money market account, an IRA account and other accounts.
In addition, Aleman falsified probate documents, including a notarized affidavit for a deceased member, so that he could direct the estate’s assets to himself, according to state prosecutors.
AZ CU employee convicted of elder fraud
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