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Man Gets Seven Years in Prison for Embezzling from Credit Union
Lakewood Man Sentenced to More Than Seven Years in Prison for Embezzling from Credit Union
A Lakewood man was sentenced to more than seven years in prison and ordered to pay nearly $7 million in restitution for embezzling from a Euclid credit union and using the money to pay his personal credit card accounts, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, and Stephen D. Anthony, Special Agent in Charge of the FBI’s Cleveland Office.
William J. Memmer, 63, pleaded guilty earlier this year to one count of embezzlement and one count of making false entries in credit union records and reports.
“This defendant betrayed the trust of the credit union’s members and his employer,” Dettelbach said. “He simply took other people’s money to pay his debts. Now, he’ll pay his debt to society.”
“This lengthy sentence is reflective of the magnitude of Mr. Memmer’s embezzlement and fraud he orchestrated for numerous years,” Anthony said. “Citizens should have a sense of trust that their investments are safe, and the FBI will continue efforts to root out greedy fraudsters like Mr. Memmer.”
Memmer was employed as assistant manager/treasurer of the GIC Federal Credit Union (GIC), which ... more

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