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___________________________________ ORDER OF PROHIBITION Pursuant to Section 206(i)(1) of the Federal Credit Union Act, 12 U.S.C. §1786(i)(1), you are hereby notified that you are prohibited from participating in any manner in the affairs of any federally insured credit union. This prohibition results from activities in which you engaged in during your affiliation with San Francisco Federal Credit Union (“the credit union”). This prohibition is effective immediately upon service. In accordance with Section 206(g)(7)(A) of the Federal Credit Union Act, 12 U.S.C. §1786(g)(7)(A), this Order shall constitute a prohibition from further participation in any manner in the affairs of any federally insured financial institution, or other entity identified therein, without the written permission of the appropriate federal regulatory agency. This Order has been issued based upon the following information. On or about February 23, 2001 pursuant to 18 U.S.C. §656 you pled guilty to one (1) count of Embezzlement, a felony charge. You were sentenced on March 9, 2001, in the United States District Court, Northern District of California to five (5) months incarceration and five (5) years probation. You were further ordered to pay restitution in the amount of $125,295. A copy of the Certificate of Disposition entered by the Hon. Susan Illston, United States District Judge, is attached to this Order as Attachment 1 and is incorporated by reference herein. The offense to which you pled guilty was committed while you were employed as an employee of the Credit Union. At the time of your criminal actions, the Credit Union was federally insured. This offense involves personal dishonesty and breach of trust. Your continued participation in the affairs of any federally insured credit union may pose a threat to the interests of credit union members and may threaten to impair public confidence in the credit union involved. NOTICE OF OPPORTUNITY FOR HEARING Pursuant to Section 206(i)(3), of the Federal Credit Union Act, 12 U.S.C. §1786(i)(3), you may request in writing, within thirty days of service of this Order, an opportunity for a hearing at which you may present evidence and argument that your continued participation in the affairs of any federally insured credit union would not, or would not likely, pose a threat to the interests of a credit union's members or threaten to impair public confidence in the credit union. Such a request must state with particularity the relief desired, the grounds, and must include, when available, supporting evidence. Any such request should be sent to: Secretary of the Board, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428. This hearing will be held in the Washington, DC metropolitan area, or such other place as designated by the Board, in accordance with Subpart D of Part 747 of NCUA's Rules and Regulations, 12 C.F.R. §747.301 et seq. PENALTY FOR VIOLATION OF ORDER OF PROHIBITION Pursuant to Section 206(k)(2) of the Federal Credit Union Act, 12 U.S.C. §1786(k)(2), any violation of this Order may subject you to a Civil Money Penalty of up to $1,000,000.00 a day for each day said violation continues. In addition, pursuant to Section 206(l) of the Federal Credit Union Act, 12 U.S.C. §1786(l), any violation of this Order is a felony offense that is punishable by imprisonment of up to five years and a fine of up to $1,000,000.00. National Credit Union Administration By: |