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3 workers for TheBus credit union charged with embezzlement

By Star-Advertiser staff

POSTED:
LAST UPDATED: 04:49 a.m. HST, Apr 24, 2014



Three employees were charged Wednesday with embezzling nearly $490,000 from the credit union that provides banking services to TheBus employees.

The Honolulu FBI office said the three workers were charged Wednesday after a seven-month investigation, with embezzlement and misapplication of funds from the OTS Employees Federal Credit Union.

The federally insured credit union is for employees of Oahu Transit Services, which runs TheBus, 811 Middle St.

In court documents, Jenny Nishida, 41, of Pearl City, a former teller, is accused of falsely processing 122 Visa payments credited to her Visa card account and a family member. The FBI said the payments were not made and the funds, totaling $358,685, were allegedly embezzled by Nishida between May 2009 and Aug. 2011.

Dona Takushi, 54, of Honolulu, a former manager at the credit union, is accused of falsely processing $40,970.63 in Visa charges to herself and a family member between Dec. 2010 and Sept. 2012. The FBI said she also made 153 false entries into the books reports and statements of the credit union to hide delinquent car and other loans for herself and family members between 2007 and 2012. The loans had an outstanding balance of $55,188 when the false entries were discovered.

Takushi is also charged with making false entries in the credit union's books.

Nicole Cheung, 34, of Honolulu, is accused of falsely processing 54 Visa payments to herself and family members totaling $16,732 between Sept. 2007 and Sept. 2012.

The defendants are being allowed to remain free until their initial court appearances in the next two weeks, the FBI said. They will turn themselves in before the appearance, as negotiated with their attorneys.

The maximum penalty for embezzlement from a federally-insured credit union is 30 years in prison per count.

The maximum penalty for making false entries into the books and records of a federal credit union is 30 years in prison per count.







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Mahalo wrote:
Throw the book at them... Since it was all credit cards you know they were working together!
on April 23,2014 | 02:10PM
NiteMarcher wrote:
Time to clean house and let them all go...starting from the top down.
on April 23,2014 | 02:12PM
GONEGOLFIN wrote:
So, you are saying to get rid of EVERYONE? Who is going to run the credit union? Just curious as to what you meant.
on April 23,2014 | 02:52PM
NiteMarcher wrote:
They need to get rid of the three, but, they must also look at meeting with all other employees to ensure that this type of actions don't take place again. With three people being able to embezzle at this institution, something is very, very wrong with this picture...nothing should be overlooked at this time.
on April 24,2014 | 05:58AM
joya1188 wrote:
Is that $490.00 or $490,000?
on April 23,2014 | 02:46PM
sak wrote:
They should be locked up, and then bailed out if bail is set. Why the special treatment? They are criminals!
on April 23,2014 | 03:00PM
hansfordchock wrote:
just to clarify...please note that all the defendants are former employees...they are no longer employed by OTS Employees FCU.
on April 23,2014 | 03:14PM
64hoo wrote:
wait till we get the rail down the future you think what they embezzled was plenty of money wait till the rail comes in.
on April 23,2014 | 03:23PM
jmarie wrote:
I heard the Federal prison next to Golden Colorado is beautiful this time of year. Too bad it's a Federal crime otherwise they would all get Hope Probation and a stern talking to by a State Judge!
on April 23,2014 | 03:38PM
cojef wrote:
May be nice in the Spring, but winters are long and very cold for local blood. Also 30 winters can be very monotonous, especially far from home and loved ones.
on April 24,2014 | 06:36AM
control wrote:
All too often, the response is to not press charges and just let the person go so they can do damage elsewhere. Glad they were charged.
on April 23,2014 | 03:47PM
paradiddle wrote:
Very poor management for this to happen over such a long time frame. Nishida was from May 2009 and Aug. 2011, Takushi was between Dec. 2010 and Sept. 2012, and Cheung between Sept. 2007 and Sept. 2012. I am sure a condition of the sentence, if convicted or otherwise, is for restitution but how much you want to bet, no monies left or to be found. Hopefully, other complicent family members will be investigated as well.
on April 23,2014 | 06:39PM
hanoz808 wrote:
not worth it at all, very dumb choice
on April 24,2014 | 08:59AM
iwanaknow wrote:
Will bus fares go up?
on April 24,2014 | 09:19AM
livinginhawaii wrote:
Wow 30 years for this but if you are a female who stomps on the chest of a child you get paroled in 20 years. At least the Feds understand equitable justice. What is wrong with Hawaii politicians?
on April 24,2014 | 09:26AM
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