A former top official with the scandal-plagued Municipal Credit Union has pleaded guilty in Federal court in Manhattan to embezzling more than $450,000 over nine years from that institution serving primarily public employees and their families.
Joseph Guagliardo, 62, a retired NYPD police officer, admitted on Jan. 10 before U.S. District Judge Denise Cote that between 2009 and 2018 he stole $250,000 from the MCU by charging the credit union for phantom field inspections of MCU ATMs and selling the nonprofit $200,000 in advertising on a non-profit website he controlled, the National Council of Columbia Associations, which promoted Italian-American culture.
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