A 31-year-old Kapaa woman has been arrested on charges of embezzlement from a federal credit union, according to the FBI.
According to a federal grand jury indictment, Kerry K. Higashi was an employee of the Kauai Teachers Federal Credit Union and engaged in an extended scheme to embezzle money from two customer accounts during the period of October 7, 2009 through May 30, 2011.
The indictment alleges that the total amount embezzled was $24,721.
After failing to appear in court following acceptance of a criminal summons, Higashi was arrested without incident Thursday morning by Honolulu FBI special agents with assistance from the Kauai Police Department.
She was transported to Honolulu where she is expected to have her initial appearance in U.S. District Court Thursday.
The statutory maximum penalty for embezzlement from a federal credit union is thirty years in prison and a $1 million fine.
The FBI is reminding the public that an indictment is not evidence of guilt and that all defendants in a criminal case are presumed innocent unless and until proven guilty in a court of law.