Credit union manager allegedly embezzled more than $1 million

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PHOENIX -- The manager of a now-defunct Arizona credit union is accused of embezzling $1.18 million, which the government says caused or contributed to the credit union's failure.

The U.S. Attorney's Office in Phoenix says Marlene Aguilera Pena was indicted Tuesday on 25 federal counts of embezzlement by an employee of a lending, credit or financial institution.

The 45-year-old Globe resident is accused of taking the money from the Marian Miami Federal Credit Union of Miami between July 2004 and July 2006.

U.S. Attorney's Office spokeswoman Sandra Raynor says the indictment alleges Pena created approximately 141 fictitious loans and fraudulently issued checks to family members and friends.

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