Prosecutors: $2 Million Misappropriation of Credit Union Funds Blocked by Audit | Arizona News


PHOENIX (AP) — A routine audit of a Winslow credit union sparked an investigation that resulted in a Gilbert woman being sentenced to 26 months in prison for embezzling more than $2.2 million from the financial institution, federal prosecutors said.

Thursday’s sentence for Susan Irene Romero, 64, for her previous guilty plea to one count of embezzlement includes an order ordering her to pay restitution of $2,360,000.

According to a statement released Friday by the U.S. Attorney’s Office, Romero worked for Winslow Santa Fe Credit Union for more than 30 years, mostly in leadership roles, including as director, president and chief executive officer.

Romero, in his plea agreement, admitted to stealing money through unauthorized cash withdrawals, checks issued with forged signatures from other employees, and wire transfers to accounts of relatives.

“She covered her tracks with false entries in the financial statements, such as falsifying the amount of money stored in the safe and offsetting stolen money with fictitious assets,” the office said.

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