According to the plea agreement, in August 2011, customers of Westmark Credit Union in Idaho Falls, Idaho, contacted the credit union to inquire about unauthorized withdrawals from their accounts. An examination of the questionable transactions determined that they were all handled by Mecham, a credit union teller. During an interview with bank officials, Mecham admitted embezzling the money and admitted that she spent it on various personal expenses.
The case was investigated by the Federal Bureau of Investigation.
Today’s announcement is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF), which was created in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys’ Offices, and state and local partners, it is the broadest coalition of law enforcement, investigatory, and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state, and local authorities; addressing discrimination in the lending and financial markets; and conducting outreach to the public, victims, financial institutions, and other organizations. Over the past three fiscal years, the Justice Department has filed more than 10,000 financial fraud cases against nearly 15,000 defendants including more than 2,700 mortgage fraud defendants. For more information on the task force, visit www.stopfraud.gov.
Information provided by Federal Bureau of Investigation
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