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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of Tennessee

FOR IMMEDIATE RELEASE
Wednesday, June 20, 2018

Former Greater Eastern Credit Union CEO Pleads Guilty

GREENEVILLE, Tenn. – On June 20, 2018, Sherry Ann Allen, 49, of Johnson City, Tennessee, pleaded guilty to an information charging her with embezzling $1,195,596.00 from Greater Eastern Credit Union and tax evasion.  Sentencing is set for 9:00 a.m., September 26, 2018, in U.S. District Court in Greeneville.

Allen faces a maximum term of 30 years in prison and will have to pay restitution to Greater Eastern Credit Union and the Internal Revenue Service.                                                                                                                         

This plea was the result of an investigation by the FBI, Internal Revenue Service - Criminal Investigation and the Johnson City Police Department. Assistant U.S. Attorney Robert Reeves represented the United States in court proceedings.

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Topic(s): 
Tax
Contact: 
Sharry Dedman-Beard Public Information Officer 865.225.1671 sharry.dedman-beard@usdoj.gov
Updated June 20, 2018