For Immediate Release - December 22, 2008

Former Loan Director Indicted in Connection with Stealing Over $200,000 from Local Credit Union

BOSTON - Today, a Suffolk County Grand Jury returned indictments against a former loan director for a small credit union in connection with stealing over $200,000 from her former employer and using the funds for her own personal use. Kelly Curley, age 35, of Nashua, NH, is charged with Embezzlement by a Bank Employee (5 counts), and Identity Theft.

In April 2008, the Attorney General's Office began an investigation after the matter had been referred by Curley's former employer. Curley had worked at the credit union since 2002. She was the director of the credit union's loan department and was responsible for most of the underwriting decisions of the lending department. Authorities allege that between June 2006 and February 2008, Curley secured five loans for herself by allegedly using a co-workers computer to complete loan transactions using the names and identifying information of a relative and two friends. Authorities allege that Curley not only used some of the funds from the loans for her own benefit, but she also used these loans to pay off some of the earlier loans she obtained.

A Suffolk County Grand Jury returned indictments against Curley today. She is scheduled to be arraigned in Suffolk Superior Court on January 13, 2008.

The case is being prosecuted by Assistant Attorneys General Andrew Doherty and Molly Parks, both of Attorney General Martha Coakley's Corruption and Fraud Division, and was investigated by Financial Investigators SallyAnn Nelligan and Carl Mullen.