Esther Andrade Olson, a former assistant branch manager at a credit union in Tulare, California, was arrested for embezzling over $60,000 from multiple members’ accounts, according to a press release by the United States Department of Justice.
Why it matters: In July and August 2022, Olson made several unauthorized withdrawals from four members’ accounts at Educational Employees Credit Union, including seven withdrawals totaling $35,000 from one member.
- Olson, a Kings County resident, began working at the credit union in 2005 and was promoted to assistant branch manager in 2019.
- When questioned by credit union officials, Olson abruptly resigned from her position.
- Court documents indicate that Olson was using some of the embezzled funds to promote herself on TikTok.
- The case is the product of an investigation by the Federal Bureau of Investigation.
- If convicted, Olson faces a maximum statutory penalty of 30 years in prison and a $1 million fine.