TOPEKA, Kan. The longtime CEO of a tiny rural credit union who said she stole from the credit union to save the family farm has been sentenced to three years in prison.
Federal prosecutors said Pamela Emig, 48, used a check kiting scheme to steal $815,000 from the tiny credit union, which had only $1.5 million in assets at year-end 2012. She was a manager and kited checks between accounts under her control to cover up the thefts.
Emig told authorities the thefts began when she and her husband filed for bankruptcy and had no money to feed their cattle. Her defense attorney told the judge that Emig had been a conscientious employee for nearly 30 years until desperation influenced her “aberrant actions.”