Johnson City Credit Union CEO Pleads Guilty to Embezzlement

The CEO of a Johnson City-based credit union has plead guilty to embezzling more than $1M.

Sherry Ann Allen plead guilty to theft and attempted tax evasion. She admitting to embezzling more than $1.2M over a 6-year period to enrich a lavish lifestyle.

She could face up to 35 years in prison.She has a plea hearing scheduled for the end of June.