ALEXANDRIA, Va. –NCUA issued two prohibition orders and one notice of prohibition during April—including against one former CEO and one former employee guilty of an online scam—which prohibit the individuals from participating in the affairs of any federally insured depository institution.
Issued the prohibition orders were:
- Mark Colley, the one-time CEO of First Oklahoma FCU, who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA board’s claim against him.
- Barbara Diane Nelson, a former employee of Gerber Federal Credit Union, Fremont, Mich., who agreed and consented to the issuance of a prohibition order and agreed to comply with all its terms to settle and resolve the NCUA board’s claim against her.
Convicted Of Opening Bogus Account for Online Boyfriend
Meanwhile, NCUA has issued a Notice of Prohibition to Indira Mohabir, a former employee of Western FCU, Torrance, California, who was sentenced in U.S. District Court, Central District of California, on several charges of financial institution fraud in connection with her employment at the credit union.
In January of this year, Mohabir, 45, was sentenced to 18 months of house arrest after being found guilty of secretly opening lines of credit for her online boyfriend who, in turn, drew down more than $1 million. Mohabir was convicted in 2018 of conspiracy to commit bank fraud, along with more than a dozen fraud counts, according to the U.S. Attorney’s Office.
Her co-defendant in the case, Phillip Cook, 54, of Las Vegas, pleaded guilty three years ago to one count of bank fraud. He was sentenced to six months in federal prison, followed by 12 months of house arrest, according to City News Service.
“Mohabir, who worked as a business loan processor at the former Western Federal Credit Union in Hawthorne, met Cook in November 2014 through a hotline the credit union established for business customers,” the news outlet reported. “In exchange for opening about $3 million in credit lines and hiding them from her employer, Cook promised to take Mohabir on romantic getaways and sent her a $50,000 check and 18 white roses.”
Although Mohabir and Cook had not yet met in person during the time of the scheme from late 2014 to early 2015, the idea of marriage was floated in texts, according to court papers cited by City news Service.
‘Would Do It All Again If She Could’
Mohabir helped Cook open nearly 30 credit lines, including more than a dozen platinum business Visa cards, evidence showed.
“In a sentencing memorandum filed in Los Angeles federal court, prosecutors wrote that in messages sent to Cook in the months and years following her arrest, Mohabir ‘demonstrated that she would do it all again if she could’,” City News Service reported. “After landing a job at another bank after she was fired from the credit union, ‘texts and emails show that she was again trying to abuse her inside position to open even more credit lines for Cook,’” according to the memo.”
About the Orders
Administrative orders are formal enforcement orders issued by the NCUA pursuant to Section 206 of the Federal Credit Union Act. Generally, NCUA said it issues administrative orders when it finds that a credit union or persons affiliated with a credit union have violated a law, rule or regulation, breached a fiduciary duty, or engaged in an unsafe or unsound practice.
NCUA noted it also issues Notices of Prohibition, which is a notification that a person has been convicted of a criminal offense involving dishonesty or breach of trust and is barred from working for a federally insured depository institution by operation of law.
Agency enforcement orders and notices are searchable by name, institution, city, state, and year at the NCUA’s Administrative Orders webpage. The webpage also provides links to the federal enforcement actions of federal banking agencies against other institutions or their affiliated parties, NCUA reminded.
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