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Sep 9, 2011 7:28 AM by Sharlee Barriere

Former Credit Union Official Admits Fraud

BATON ROUGE, La. (AP) - A former marketing director at Dow Federal Credit Union in Plaquemine has pleaded guilty in Baton Rouge federal court to a charge of mail fraud.
Ashley E. Braud admitted to U.S. District Judge Frank J. Polozola Thursday that she used credit union funds in August and September 2009 to purchase 30,000 "scratch-off tickets for her personal use."
However, neither Braud's charge nor her plea agreement mentions the value of those tickets. And Polozola insisted he will have that dollar amount before Braud is sentenced.
If all tickets were valued at $1, the judge said, the credit union may have lost $30,000. If the tickets' average value was $5, then the loss may have been $150,000.
Polozola did not immediately schedule a hearing for her


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