BURLINGTON, Vt. (AP) -- The head of a small northern Vermont credit union that was taken over last year by federal regulators has admitted in court that she embezzled from her accounts.
Debra Kinney of Derby Line also agreed to forfeit $250,000 while pleading guilty in U.S. District Court in Burlington to stealing from the Border Lodge Credit Union.
The Burlington Free Press reports (http://bfpne.ws/1c8SlSO) Kinney was charged in June with a single felony embezzlement count for stealing the money between November 2010 and December 2012, but as part of a plea bargain she agreed last week to the forfeiture, which is from any property that Kinney derived directly or indirectly from the embezzlement.
U.S. District Judge William Sessions continued Kinney on release pending sentencing, which is tentatively set for April 14, 2014.
Information from: The Burlington Free Press, http://www.burlingtonfreepress.com