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.