Former Accountant Sentenced to 63 Months for Stealing from Georgetown University’s Credit Union
Used Access to Bank’s Internal Systems to Steal More Than $200,000
| U.S. Attorney’s Office August 04, 2011 |
WASHINGTON—Reginald A. Clark, 42, of Washington, D.C., was sentenced today to 63 months in prison on federal charges stemming from the theft of nearly $220,000 from Hoya Federal Credit Union, announced U.S. Attorney Ronald C. Machen Jr.; James W. McJunkin, Assistant Director in Charge of the FBI’s Washington Field Office; and Cathy L. Lanier, Chief of the Metropolitan Police Department (MPD).
Clark, who had been employed as an accountant for the credit union, was convicted by a jury of taking advantage of the credit union’s internal computer system to steal the money between 2001 and 2003. The verdict, on February 1, 2011, followed a trial in the U.S. District Court for the District of Columbia. The jury found Clark guilty of charges of bank fraud, wire fraud, and making false entries in federal credit institution records.
The Honorable Reggie B. Walton sentenced Clark this morning. Judge Walton sentenced Clark to 63 months’ incarceration followed by five years of supervised release. In addition, Judge Walton ordered Clark to pay $219,286.41 in restitution.
Hoya Federal Credit Union serves Georgetown University’s faculty and staff and their family members. It is located on the university’s campus in Washington, D.C. Clark worked there from 2001 to 2003. According to the government’s evidence, Clark engaged in at least three different fraudulent schemes that resulted in losses to the institution.
As part of this case, Kenard Walston, 40, a cousin of Clark’s, of Norwich, Conn, pled guilty in June 2011 to a charge of making a false statement. Walston is scheduled to be sentenced by Judge Walton on August 31, 2011.
In announcing the sentence, U.S. Attorney Machen, Assistant Director McJunkin and Chief Lanier praised those who worked on the case from the FBI’s Washington Field Office and the MPD. They also thanked those who worked on the case from the U.S. Attorney’s Office, including: Paralegal Specialist Tasha Harris, former Paralegal Specialists Carolyn Cody and Maggie McCabe; Legal Assistant Jared Forney; Criminal Investigator Matthew Kutz; Dawn Tolson Hightower and David Foster, of the Victim Witness Assistance Unit; Joe Calvarese, Thomas Royal and Josh Ellen from the Litigation Technology Unit; and Asset Forfeiture Assistant U.S. Attorney Diane Lucas.
They also commended the efforts of Assistant U.S. Attorneys Vasu B. Muthyala and David Johnson, who prosecuted the case.