PORTLAND, Maine — A 42-year-old Maine woman has pleaded guilty to charges that she stole more than half a million dollars from a credit union where she worked.
Marsha Richard faces up to 30 years in prison after pleading guilty Friday in U.S. District Court in Portland to theft by a credit union employee.
Richard worked at Atlantic Regional Federal Credit Union in Brunswick, where prosecutors say she manipulated accounting entries for checks that credit union members had deposited but had been returned for insufficient funds. According to court documents, instead of crediting the appropriate internal account, Richard credited her own account or those of family members or friends and diverted the funds for her own use.
She was charged with stealing more than $500,000 from November 2004 to October 2010.