The former ceo of Scranton-based Valor Federal Credit Union, formerly known as Tobyhanna Federal government Credit Marriage, has been charged of bank fraud plus attempted bank fraud, a statement from the ALL OF US Attorney#x2019; t Office for that Middle Region of Philadelphia said.
The allegations filed in US District Court inside Scranton state that Sean E. Jelen, 33, dedicated and experimented with commit a number of fraudulent activities from July 2014 to be able to August 2015, US Lawyer Peter Jones said.
During the majority of that time, Jelen served because the CEO of Valor. All the alleged fraudulent activities have been associated with Canon and many apparently involved solid and changed documents created by Jelen.
Jelen is charged of carrying out a plan to deceive Valor of about $718, 1000, some of which went to pay for his own credit card, his graduate expenses, his spouse#x2019; s party and a golf tournament sponsorship.
Jelen is also accused associated with rigging elections held for that Valor table of company directors, whereby he or she elected and subsequently impersonated fictitious members of the panel and its supervisory committee.
Jelen is also accused of attempting to obtain yet another approximate $1. 1 , 000, 000 through fraudulent means, simply by creating a solid severance deal that would be set off by his firing.
Valor is really a federal credit rating union, its assets are insured from the National Credit rating Union Supervision which furthermore supervises in addition to regulates that.
The government looks for forfeiture associated with property obtained as a result of typically the fraud, plus a home in New York. The government also filed a plea agreement together with Jelen to the alleged fees, which is subject to approval in the court. To start dating ? for their initial appearance has not been set.
Valor ended Jelen#x2019; s employment in August.
The exploration was performed by the Fbi. The case has been prosecuted by Assistant ALL OF US attorneys David Gurganus, Evan Gotlob plus Phil Caraballo.
Valor#x2019; s current supervision is working together with the FBI and the ALL OF US Attorney#x2019; h Office, typically the statement stated.