Gambling Addict Embezzles $146,000

Former Credit Union Branch Manager Guilty of Embezzling More Than $146,000
posted by Alex Ferreras

EUGENE, OR (Source: FBI) — On October 25, 2011, Lenora Colburn, 49, of Eugene, pleaded guilty to embezzling more than $146,000 from SELCO Community Credit Union (SELCO). According to court documents, Colburn admitted that, while working as a supervisor and assistant manager at two SELCO branches in Eugene, Oregon, she embezzled more than $146,000 from SELCO to support her gambling habit. Colburn further admitted that she was able to use her position as a supervisor and an assistant manager to facilitate and conceal her embezzlement by creating bogus cash transactions, by manipulating cash drawer and vault balances, and branch audits.

The maximum penalty is 30 years of imprisonment and a $1 million fine. Colburn is scheduled to be sentenced in Eugene, Oregon, on January 10, 2012 at 10:00 a.m. before the Honorable Michael R. Hogan.

This case was investigated by the FBI and prosecuted by Assistant U.S. Attorney Scott E. Bradford.