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Sacramento DA / Media / 2015 Archives / 9.4.15: Credit Union Employee Gets Prison Time for Embezzlement

Credit Union Employee Gets Prison Time for Embezzlement

DATE:  September 4, 2015

CASE:   Elizabeth Radmand

PROSECUTOR:  Deputy District Attorney Morgan Forrest, Special Investigations Unit

District Attorney Anne Marie Schubert announced that 63-year-old Elizabeth Radmand pled no contest to grand theft and making false entries in records.  She also admitted to enhanced taking and aggravated white collar crime allegations. 

Radmand was a trusted employee at the Polam Federal Credit Union between 1993 and 2010. She used her position of trust to steal approximately $141,000.  In order to conceal her theft, Radmand falsified bank documents. When she was caught, she made up a story that the credit union had been burglarized by two men.

The Honorable Laurel White sentenced Radmand to 3 years state prison and ordered her to pay $180,142 in restitution.

 

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