Orange woman sentenced to federal prison
An Orange woman was sentenced to spend time in federal prison today according to U.S. Attorney, John M. Bales. Sandra H. Cooper, the former president of the The Orange County Employee’s Federal Credit Union, was sentenced to 63 months. She pleaded guilty to money laundering in Feb.
In addition to spending time in prison, she was also ordered to pay restitution in the amount of $1,178,340.00.
Cooper embezzled approximately $1,164,340.00 of credit union funds over a four and a half year period, and was indicted by a federal grand jury in Dec. 2010.
The credit union was housed in the building adjacent to the Orange County courthouse, and only employed two employees.
Customers of the credit union were insured by the NCUA Board, a federal agency similar to the FDIC.