Former Houston Police Credit Union Exec Pleads Guilty to Embezzlement

A former vice president of the Houston Police Federal Credit Union has entered a guilty plea in U.S. District Court on one count of embezzlement and faces up to 30 years in federal prison.

Cheryl Vickers, 66, a former vice president of accounting at the credit union, admitted that she embezzled more than $1.2 million from the Houston Police Federal Credit Union between January 1997 and February 2015. The missing funds were not discovered until after her retirement in February 2015.

According to court documents, the embezzlement scheme was discovered after a credit union customer brought in an expired check that had never been cashed to be reissued. After credit union records showed that Vickers had already reissued the expired check, the credit union instigated an audit of Vickers’ banking activity.

The audit revealed that Vickers had embezzled at least $1,247,785 from the credit union using various methods, including reissuing expired checks. Credit union records revealed that Vickers had reissued expired checks to credit card companies to pay her personal credit card bills. Further examination showed that some of the reissued checks included Vickers’ personal credit card numbers handwritten on the checks.

As part of her plea agreement, Vickers admitted that she took money from the Houston Police Federal Credit Union without authorization or permission.

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