Louisville Metro Police Officer's Credit Union Vice President Sentenced For Fraud
LOUISVILLE, Ky. – United States District Court Judge Joseph H. McKinley, Jr. has sentenced Josephine M. Crowe to 132 months’ imprisonment followed by 3 years supervised release. He also ordered restitution in the amount of $3,049,025 for fraud and aggravated identity theft, announced United States Attorney Russell Coleman.
“The outcome in this case was the result of some outstanding investigation by the FBI and one of our finest career federal prosecutors,” said U.S. Attorney Russell Coleman.
Crowe, 46, of Louisville, Kentucky, was charged in a criminal Information with one count of financial institution fraud and one count of aggravated identity theft as part of a scheme to defraud the Louisville Metro Police Officer’s Credit Union of over $3 million during a four year period.
According to a Sentencing Memo, beginning no later than January 2013, and continuing to on or about November 2017, Crowe, as the Vice President of the Metro Police Officer’s Credit Union stole over $3 million. She used access to the Credit Union’s funds and information granted to her by virtue of her position as Vice President to devise and execute a scheme to steal cash from the Credit Union’s vault and teller drawers, to transfer Credit Union funds into accounts belonging to herself and certain of her family members, and to make payments on certain unwitting Credit Union members’ loans with Credit Union funds that did not belong to the members for whose benefit they were credited. Crowe also created and recorded fictitious, unauthorized loans at the Credit Union and used the proceeds of these loans to issue an Official Check, which she then directed individuals to cash at local pawn shops or financial institutions. The defendant would then place these cash proceeds in the Credit Union’s vault and teller drawers to cover up the cash missing due to her previous thefts. In order to create and record these fictitious loans, the defendant knowingly misused the means of identification of many members of the Credit Union.
Read more: https://www.justice.gov/usao-wdky/pr/louisville-metro-police-officer-s-credit-union-vice-president-sentenced-fraud