PITTSBURGH, Penn.–The former CEO of Toledo Metro FCU admitted in court to stealing more than $200,000 from the credit union.
Charles Poore, who lives in Pittsburgh and who waived indictment before U.S. District Judge Cathy Bissoon here, pleaded to a count of embezzlement, according to the Pittsburgh Post-Gazette. Sentencing is scheduled for August.
Poore was arrested in October, 2015 by the FBI after it was determined he had used his corporate credit card to make $233,933 in non-business purchases between 2011 and 2014.
According to the FBI, in the summer of 2014 Toledo Metro’s board of directors noticed suspicious transactions on Poore's credit card. The board tried to contact him about the purchases, but he resigned the next day and was never seen again at the credit union office, the Post-Gazette reported.