Former Janesville credit union loan officer sentenced to prison
JANESVILLE—A former employee said a credit union manager’s fraudulent actions were harder on Parker Community Credit Union employees than an armed robbery would have been. During a sentencing hearing Wednesday morning, Rock County Judge Kenneth Forbeck agreed, he said.
Forbeck sentenced former PCCU loan officer Laura A. Powers, 51, Janesville, to five years in federal prison and five years of extended supervision. Powers was charged in June with using her position as a loan officer to take out more than $600,000 in loans in other people’s names. She pleaded guilty in February to one count of theft of more than $10,000 in a business setting and four counts of identity theft.
Six other counts of identity theft were dismissed but read into the record for purposes of restitution.
Powers faced 70 years in prison for the charges.
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