http://www.honoluluadvertiser.com/ar...o+embezzlement
Shame on MCFCU for taking three years to uncover the theft of their customers' money. Any manager who is in charge of sending monthly statements to customers (by the way, this includes statement of payments due, such as with medical offices, etc) should know to run a monthly report on "no mail status" accounts, or "supressed statements" accounts. And of course, the person running the report should not be someone who might be hiding their own embezzling. How did it take the bank so long to discover the in-house theft??
A former teller has pleaded guilty to embezzling $218,000 from Molokai Community Federal Credit Union.
U.S. Attorney Florence T. Nakakuni said Friday that Daniel K. Mahiai faces a maximum penalty of 30 years in prison and a $1 million fine when he is sentenced Feb. 16.
Nakakuni says the 32-year-old Mahiai stole the money from his teller's draw between January 2005 and February 2008.
In order to hide his acts, Mahiai made false entries in various credit union accounts to make it appear account holders had made withdrawals. Mahiai then placed some of the accounts in "no mail" status, preventing the credit union from sending the members statements reflecting the withdrawals.
U.S. Attorney Florence T. Nakakuni said Friday that Daniel K. Mahiai faces a maximum penalty of 30 years in prison and a $1 million fine when he is sentenced Feb. 16.
Nakakuni says the 32-year-old Mahiai stole the money from his teller's draw between January 2005 and February 2008.
In order to hide his acts, Mahiai made false entries in various credit union accounts to make it appear account holders had made withdrawals. Mahiai then placed some of the accounts in "no mail" status, preventing the credit union from sending the members statements reflecting the withdrawals.
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