Ash, Guagliardo, MCU
A retired NYPD officer and former Brooklyn Supreme Court justice have been arrested and charged with embezzlement and other corruption related to the Municipal Credit Union in New York. (Photo via Wikimedia Commons)

Brooklyn Supreme Court Justice Sylvia Ash, Retired NYPD Officer Joseph Guagliardo Charged in MCU Corruption Case

Brooklyn Supreme Court Justice Sylvia Ash and retired NYPD officer Joseph Guagliardo have been arrested in connection with a fraud case involving the New York City-based Municipal Credit Union (MCU).

Ash was arrested Oct. 11 for destroying evidence and lying to federal investigators during an investigation of MCU. Guagliardo was arrested on embezzlement and fraud charges.

MCU CEO Kam Wong was sentenced to five and a half years in prison earlier this year for embezzlement. Connected to this embezzlement, Ash allegedly signed papers that justified millions to end up in Wong’s pocket to protect Wong from an investigation into the corruption.

“ASH agreed to and did sign a false and misleading memorandum purporting to explain and justify millions of dollars in payments that Wong had received from MCU, which was then provided by Wong to law enforcement officers,” a statement by the Southern District of New York U.S. Attorney’s Office said.

Court documents say Ash served as the chair of MCU’s volunteer board of directors from 2008-2016. During this time, she allegedly received tens of thousands of dollars annually in reimbursements and benefits from the credit union and other benefits including coverage of airfare, hotel, food and entertainment expenses. After Ash resigned, Wong kept some of the benefits in place for her, including Apple devices like the iPhone X.

While banks are for-profit entities, credit unions are not-for-profit, which leaves them exempt from state and federal taxes so they can charge lower interest rates. MCU is one of the largest credit unions in the country with more than 500,000 members and about $3 billion in accounts. MCU is available to employees of New York City and its agencies; employees of the federal and New York state governments who work in New York City; and employees of hospitals, nursing homes and similar facilities located within New York State.

Guagliardo, a former NYPD officer who retired in 1989, also faces embezzlement and fraud charges. He was part of the MCU supervisory committee  — a volunteer position aimed at preventing corruption and conflicts of interest — from 1993 until around 2008 and allegedly used MCU funds to enrich himself.

Guagliardo also is charged with providing Wong with prescription drugs he obtained illegally. Guagliardo allegedly defrauded and embezzled hundreds of thousands of dollars, funneling it to a security company he controlled but operated in another’s name. He also overbilled for web advertising services by a nonprofit organization for retired cops called the 10-13 Association that he controlled.

Ash, who had served on the bench from 2010 and has served in the state Division of Judicial Conduct, has been “relieved of her judicial duties,” the Office of Court Administration said in a statement.

Ash faces up to 20 years in prison, and Guagliardo faces up to 30. Ash is set to reappear in court Nov. 1.

Related Story: Some Police Officers Get Grace Periods Before Talking About Fatal Shootings

Leave a Comment

Your email address will not be published. Required fields are marked *

*

Latest News

Cox and Arizona State University to Launch Connected Environments Collaboratory, Create Smarter Region

Originally posted on Cox.com The ‘Cox Connected Environments Collaboratory at ASU’ will provide incubation space and innovative tools to cultivate a smart region ecosystem Cox also named as a founding partner of the Greater Phoenix Smart Region Consortium Cox Communications and Arizona State University (ASU) announced at the 2019 ASU Smart Region…

FreedomPay Announces An Agreement With Marriott International For Commerce Technology Innovation

Originally Published by Marriott The award winning FreedomPay Commerce Platform™ has been widely recognized for driving innovation, transformation and growth across a wide range of industries FreedomPay, an innovative leader in commerce technologies, today announced an agreement with Marriott International to adopt FreedomPay’s award winning commerce platform to be used…

Disability Awarness Month Story Nov2019_Richie parker group pic_

Making a Difference and Influence through Diverse Abilities at TIAA

This October, TIAA employees celebrated National Disability Employment Awareness Month by giving back to the community and candidly sharing the triumphs and challenges of living with disabilities and helping those with disabilities. TIAA’s Diverse Abilities Business Resource Group (BRG), formed for associates with disabilities and caregivers of those with disabilities, held…

Humana Improves Health and Reduces $3.5 Billion in Health Care Costs through Medicare Advantage Value-Based Care Programs

Originally Published by Humana Helping people living with multiple chronic conditions achieve their optimal whole-person health has been a strategic initiative for Humana Inc. (NYSE: HUM). Today, Humana announced that the company has lowered overall health care costs and helped deliver improved health outcomes for Humana’s Medicare Advantage beneficiaries affiliated…

Comcast Business Lights up the Boston Cannons and Veterans Memorial Stadium

Originally posted on Comcast.com Major League Lacrosse franchise scores big by instituting Comcast Business Internet and WiFi Comcast Business today announced that the Boston Cannons rely on Comcast Business services to provide an enhanced game-day fan experience at Veterans Memorial Stadium. The Boston Cannons are a Major League Lacrosse (MLL) franchise and one…