Former Alton Credit Union Vice-President Pleads Guilty to Financial Institution Fraud
Kalicza Tegel-Mills, 26, of Plainview, IL, plead guilty in United States District Court to financial institution fraud, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today. Tegel-Mills was charged by Indictment on September 20, 2011. Tegel-Mills was employed by the Alton Employees Federal Credit Union from 2006, to 2010. During that time Tegel-Mills held various positions including Vice-President of Operations, Loan Officer, Member Service Representative, and Teller Supervisor. It was revealed in Court that Tegel- Mills defrauded the credit union by increasing personal loan amounts without supervisory approval and without completing proper loan papers, that she made a wire transfer of credit union funds to purchase a truck for which no loan was put on the books of the bank, nor were payments made to the credit union, and that she posted payments to Visa credit card accounts for her and her husband, while corresponding debits were not made to her account. Tegel-Mills faces a prison term of up to 30 years, a fine of $1,000,000, and 5 years’ supervised release. Sentencing is scheduled for March 5, 2012.
The investigation was conducted by the United States Secret Service. The case is being prosecuted by Assistant United States Attorney Norman R. Smith.
If you suspect or know of an individual or company that is engaging in criminal activity or fraud, you may report this activity by contacting local law enforcement authorities or to the Financial Fraud Enforcement Task Force at WWW.STOPFRAUD.GOV .