Joseph Guagliardo, a former police officer who for 25 years held top-level positions with the Municipal Credit Union, was sentenced to 27 months in prison July 23 for exploiting those positions to embezzle $450,000 from the organization over a nine-year period.
He was able to do so, Acting U.S. Attorney Audrey Strauss said following his sentencing, because for much of that period he was illegal providing painkillers to the MCU's then-CEO, Kam Wong, who is currently serving a 5 1/2-year prison sentence for ripping off millions of dollars from the organization that he squandered primarily on lottery tickets and high living.
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