- Associated Press - Friday, December 18, 2015

NEW ORLEANS (AP) - The former manager for the Ochsner Clinic Federal Credit Union has been accused of stealing more than $1 million during her employment there.

U.S. Attorney Kenneth A. Polite, in a news release Thursday, said 60-year-old Jacqueline Ray, of Biloxi, Mississippi, was charged Wednesday in a bill of information with one count of theft.

Ray worked for the credit union for nearly 30 years. Polite says from around 2007 to 2013, she’s accused of stealing the money by creating about 149 fictitious loans. The proceeds from the loans would be in the form of a check drawn on the credit union and deposited in accounts controlled by Ray or converted to cash.

If convicted, Ray faces up to 10 years in prison, a $250,000 fine as well as restitution.

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