CLEVELAND (AP) — A northeast Ohio man has been sentenced to more than seven years in federal prison for stealing $1.8 million from a credit union in the Cleveland suburb of Euclid.
Sixty-three-year-old William Memmer of Lakewood was sentenced Wednesday. He pleaded guilty earlier to one count each of embezzlement and making false entries in credit union records. He served as assistant manager and treasurer of the now-shuttered GIC Federal Credit Union.
Federal prosecutors say Memmer began opening credit card accounts in 2006 and would pay the bills using blank checks from the credit union. Prosecutors say Memmer also falsified information about the credit union's assets by as much as $5.7 million, prompting the National Credit Union Administration to close and liquidate the institution.
Memmer's attorney could not be immediately reached Wednesday.