The Associated Press reported on Friday that former Molokai Community Federal Credit Union teller Daniel K. Mahiai, 32, pled guilty in U.S. District Court in Honolulu on Thursday to embezzling over $218,000 from his former employer.
U.S. Attorney Florence T. Nakakuni said that Mahiai faces a maximum penalty of 30 years in prison and a $1 million fine when he is sentenced February 16.
Apparently Mahiai stole the money from his teller’s draw between January 2005 and February 2008. He took $281,294 from the credit union by removing the money from his teller’s drawer and replaced $55,982 before the thefts were discovered.
To hide his conduct, Mahiai made false entries in various accounts so it appeared that account holders had made withdrawals. He placed some of the accounts on “no mail” status so the credit union didn’t send statements showing the withdrawals to customers.
When customers made transactions, Mahiai made entries showing deposits in the amounts taken to falsely inflate balances. The FBI on Maui investigated the case.
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Wow! Hard to believe this young man would steal from his friends and neighbors.30 years in jail. Too bad he can’t give 30 years of free labor to his victims, including his employer.
Don’t feel sorry for his employer, they are a bunch of crooks themselves.