Marlene Pena Indicted for Embezzlement

A federal grand jury has indicted 45 year old Marlene Pena for allegedly embezzling more than $1 million from the Marian Miami Federal Credit Union.

Pena was hired by the credit union in 1994 and became its manager in 2000. The indictment alleges that Pena operated a scheme to defraud the union between January 2001 through at least December 2006. The indictment goes on to allege that by accessing the credit union’s computer system, she created about 140 fictitious loans and fraudulently issued loan proceeds checks to her friends and family members.

Pena has been charged with 25 felony offenses of embezzlement. A conviction for each of these offenses is punishable by up to 30 years in a federal prison and a fine of up to $1 million.