A Dallas woman pled guilty Wednesday to stealing $3.4 million over 11 years from one of the credit unions she managed.
Theresa Portillo, 34, was caught in October of last year. The FBI launched an investigation into her actions after the Women's Southwest Federal Credit Union had to shut down. Investigators learned she began embezzling money in 2000 by asking other financial institutions to buy certificates of deposit, which she then put into her own account.
Portillo then used the money to buy property, including nine houses. She also bought jewelry, cars, vacations and covered her family's medical bills.
The credit union had 743 members when it filed for bankruptcy.
Her attorney said he advised Portillo to plead guilty. A judge will decide her sentence next week. She faces up to 30 years in prison and a $1 million fine.