Embezzler Used Funds to Pay Lending Club LoanAugust 14, 2016 | By: deBanked Staff
Brian T. Cisek pled guilty last week to charges of embezzlement and theft of union funds. A postal worker employee and chairman of the Muscular Dystrophy Association Charity Committee operated through the postal union, Cisek embezzled approximately $9,000 from the charity between January 2013 and September 2014.
According to the plea agreement, Cisek at one point duped the union into giving him a $500 advance to pay for various setup costs of the charity’s upcoming golf outing. But once he received the funds, he used them to make an overdue loan payment to Lending Club.
The statutory maximum sentence that the court can impose for his crime is 5 years imprisonment, 3 years supervised release and a fine of $10,000 or twice the gross gain or gross loss resulting from the offense.
The case number is 1:16-cr-00149-RJJ in the Western District of Michigan, Southern Division in the United States District Court.Last modified: August 14, 2016