YORK, Penn.–Sherry Garner, the former CEO of HD York FCU, has been sentenced to two years in federal prison for embezzling more than $250,000 over a three-year period. Garner, 54, pleaded guilty to bank larceny and tax evasion, according to online court records, the York Dispatch reported.
Federal records indicate Garner stole $252,106 between January 2010 and September 2013 from the CU that in 2014 merged with White Rose CU. To avoid paying thousands of dollars in taxes, Garner filed a fraudulent federal income tax return in 2012.
Her joint return for calendar year 2011 stated she and her then-husband's joint income was $93,869, for which $15,719 in taxes was owed, according to documents. Instead, Garner and her husband jointly made $164,852, for which $34,811 was owed, records state — a difference of about $19,000, the Dispatch reported.
The nearly $71,000 in income Garner failed to report was money she stole, Dawn Mayko, spokeswoman for the U.S. Attorney's Office in Harrisburg, told the Dispatch. Garner has been ordered to pay $252,106 in restitution to CUMIS Insurance Society Inc., which had insured the credit union, and $62,704 to the IRS for owed taxes.