WAYNESBORO, Va.–A former employee of DuPont Community Credit Union has pleaded guilty in Waynesboro Circuit Court to four counts of embezzlement after tweaking computer code to transfer funds into personal accounts.
Zachary Bandy of Waynesboro, Va. received a suspended five-year prison sentence, and must serve five years of probation, according to Waynesboro Commonwealth’s Attorney David Ledbetter, the News Virginian reported.
In addition, Bandy must report to a probation officer during three years of his probation.
According to the News Virginian, Bandy, was working in the information technology area of the $1.8-billioin DuPont Community Credit Union when he diverted $22,075 of the credit union funds to his bank account between July 2019 and June 2022.
Money Wasn’t From Members
“He was not diverting the money out of depositor accounts,” Ledbetter told the publication.
Instead, he said Bandy engaged in “malicious code writing” that allowed funds to be diverted monthly in small increments of $3 and $5 to his account, the News Virginian reported.
Ledbetter told the news outlet the diverted funds were discovered during a financial audit of the credit union. Bandy was arrested on embezzlement charges in January.