PITTSBURGH, PA – A resident of Rostraver, PA has been sentenced in federal court to 30 months in prison and 1 year of supervised release on her conviction of wire fraud, United States Attorney Eric G. Olshan announced today.
United States District Judge Marilyn J. Horan imposed the sentence on Patty Lynn Mavrakis, 65, of Rostraver, PA.
According to information presented to the court, Mavrakis was a Branch Manager for Valley 1st Community Federal Credit Union and, in September 2016, she embezzled $399,230.00 from the credit union. In order to conceal the theft, she intentionally started a fire in the credit union’s safe and claimed a faulty wire caused the fire and destroyed the missing currency. In the days following the fire, she made a fraudulent insurance claim on behalf of the credit union for the missing currency.
She further made numerous false statements to law enforcement as they investigated the embezzlement and fire. Finally, the court was advised that Mavrakis likely used the embezzled funds on gambling, as she lost approximately four times her annual salary in the months following the embezzlement and fire.
Assistant United States Attorney Lee J. Karl prosecuted this case on behalf of the government.
United States Attorney Olshan commended the Federal Bureau of Investigation and the Federal Bureau of Alcohol, Tobacco, Firearms, and Explosives for the investigation leading to the successful prosecution of Mavrakis.