Solimar Federal Credit Union Employee Pleads Guilty To Embezzlement Of Credit Union Funds

SAN JUAN, P.R. – Today, defendant Tania Maldonado-Suárez pled guilty before United States Magistrate Judge Marcos E. López to a one-count Information that charged, from on or about October 26, 2005, continuing through on or about May 31, 2007, in the District of Puerto Rico, the defendant being an employee of Solimar Federal Credit Union, an institution whose deposits were insured by the National Credit Union Administration Board, with intent to defraud Solimar Federal Credit Union, willfully misapplied, embezzled, abstracted, and purloined the sum of approximately $474,894.69, announced Rosa Emilia Rodríguez-Vélez, United States Attorney for the District of Puerto Rico.

Tania Maldonado-Suárez worked at Solimar Federal Credit Union and was responsible for posting transactions in the financial institutions’ records. During her employment with Solimar Federal Credit Union, Tania Maldonado-Suárez, with the intent to defraud, did willfully misapply, embezzle, and purloin funds that belonged to Solimar Federal Credit Union.  Specifically, Maldonado-Suárez withdrew funds from Solimar Federal Credit Union accounts without authorization, failed to deposit checks into accounts, failed to post payments on accounts, and granted unauthorized loans on accounts in order to divert funds from these accounts to herself for her own pecuniary gain.

The case was investigated by the United States Secret Service with the collaboration of the Puerto Rico Police Department, and prosecuted by Assistant United States Attorney Luke Cass.  The defendant faces a potential maximum sentence of up to 30 years of imprisonment.