FORMER CREDIT UNION SUPERVISOR INDICTED FOR FINANCIAL INSTITUTION FRAUD
Kalicza Tegel-Mills, 26, of Plainview, IL, was indicted on the charge of financial institution fraud charges on September 20, 2011, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced today. 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 is alleged that Tegel-Mills defrauded the credit union by increasing personal loan amounts without supervisory approval and without completing proper loan papers. It is also alleged that Tegel-Mills 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. It is alleged that she posted payments to Visa credit card accounts for her and her husband, but that corresponding debits were not made to her account. If convicted, Tegel-Mills faces a prison term of up to 30 years, a fine of $1,000,000, and 5 years’ supervised release.
An indictment is a formal charge against a defendant. Under the law, that charge is merely an accusation and the defendant is presumed innocent unless proven guilty.
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 .