Administrative Order: In the Matter of Jonathan Sanchez-Santiago
Guardians Credit Union
West Palm Beach
NOTICE OF PROHIBITION
WHEREAS on or about April 23, 2021, Jonathan Sanchez-Santiago (“Sanchez-Santiago”) was sentenced on the charge of: Grand Theft under Florida Code §812.014(1) and 812.014(2)(c) in the Circuit Court of the Fifteenth Judicial Circuit of Palm Beach County, in connection with his employment at Guardians Credit Union; and
WHEREAS grand theft under §812.014 (1) and (2)(c) is a felony criminal offense involving dishonesty and breach of trust;
NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT:
- Pursuant to 12 U.S.C. § 1785(d)(1)(A) and 12 U.S.C. § 1829(a)(1)(A), Sanchez-Santiago is prohibited from becoming an “institution affiliated party” of any insured depository institution, as defined in 12 U.S.C. § 1786(r); otherwise participating, directly or indirectly, in the conduct of the affairs of any insured depository institution; and owning or controlling, directly or indirectly, any insured depository institution;
- Pursuant to 12 U.S.C. § 1785(d)(1)(B) and 12 U.S.C. § 1829(a)(1)(B), no insured depository institution may permit Sanchez-Santiago to engage in any conduct or continue in any relationship prohibited in paragraph 1 above;
- Pursuant to 12 U.S.C. § 1785(d)(3) and 12 U.S.C. § 1829(b), whoever knowingly violates paragraph 1 or 2 above is subject to a fine of not more than $1 million for each day such prohibition is violated, or imprisonment for not more than five (5) years, or both;
- The “Judgment in the Criminal Case” State of Florida v. Jonathan Sanchez-Santiago, Case No. 2020CF005085AMB, dated April 23, 2021 is made a part hereof and is incorporated by reference.
ISSUED this 14th day of September, 2021.
NATIONAL CREDIT UNION ADMINISTRATION