SCRANTON, Pa. — The former CEO of Valor Federal Credit Union, formerly known as Tobyhanna Federal Credit Union, was charged with executing a scheme to defraud the credit union of approximately $718,000 to pay for his personal credit card, college tuition, his wife’s birthday party, and a golf tournament sponsorship, the U.S. Attorney’s Office for the Middle District of Pennsylvania announced last Wednesday.
Filed in the U.S. District Court there, the complaint charges Sean E. Jelen, 33, of committing and attempting to commit a series of fraudulent activities. He was also charged with rigging elections held for the Valor board of directors, “whereby he elected and subsequently impersonated fictitious members of the board of directors and its supervising committee,” stated the U.S. Attorney’s Office’s press release.











