FOOD & COMMERCIAL WORKERS (UFCW)
California Vice President Admits $277,000 Embezzlement
Alan L. Axt, ex-vice president of member
services for the United Food & Commercial Workers Local 1288 Federal
Credit Union, pled guilty Sept. 4 to embezzling $277,335 from the financial
institution based in Fresno, Cal. Axt admitted before U.S. Dist. Judge
Oliver W. Wanger (E.D. Cal., H.W. Bush) that he stole the money from Mar.
1999 to Nov. 2000. The plea had been postponed on several occasions; his
attorney David Gottlieb said Axt is being treated by a psychiatrist for
depression and other problems. The money was insured by the Nat'l Credit
Union Admin., making the embezzlement a federal crime. Axt was facing a
maximum of 30 years in prison and a $1 million fine, but his sentence is
expected to be much less because of his plea. Wanger set Dec. 3 for sentencing
and allowed Axt to remain free on his own recognizance. [Fresno Bee 9/5/01]
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