LARGO, Fla.—As part of a plea agreement, Linda Reynolds-Sienkiewicz, the former president and CEO of Pinellas FCU, has admitted to accepting a bribe from a company that provides identity theft protection services.
Reynolds-Sienkiewicz admitted soliciting a $21,000 payment during a February, 2010, meeting. The company that provided the money was not identified in court documents.
According to the plea agreement, Reynolds-Sienkiewicz signed a credit union check for $66,938 on Dec. 28, 2010, to renew the contract with the identity theft protection provider. Two days later, the company wrote a $21,000 check payable to CU Solutions Inc., a Florida company in which Reynolds-Sienkiewicz acted as chief operating officer and her spouse served as chief executive officer. That check was subsequently deposited into her personal account at the credit union.
Under a single count of receipt of a bribe by a bank officer, Reynolds-Sienkiewicz could face up to 30 years in prison, a fine of $1 million or three times the value of the bribe, or a term of supervised release not more than five years.
However, the U.S. Attorney's office has recommended she receive sentencing at the low end of the guidelines given her cooperation and her agreement to make restitution.
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