Former credit union CEO faces charges in TBI fraud case

Staff Reports • Dec 17, 2015 at 6:39 PM

NASHVILLE – Tennessee Bureau of Investigation agents received indictments for a Clarksville woman accused of defrauding the financial institution she led.

At the request of 19th District Attorney General John Carney, TBI special agents started an investigation involving Christina Pace on May 29, 2013. During the investigation, agents developed information Pace, as chief executive officer of Gateway Credit Union, altered monthly balance sheets delivered to its board of directors.

By concealing the true value of the Credit Union for about two years, Gateway suffered a net loss of about $400,000.

Additionally, Agents developed information Pace misused a corporate credit card for her personal benefit. Though Pace paid back the Credit Union after an audit discovered the issue, Gateway Credit Union subsequently terminated her employment.

On June 6, a Montgomery County grand jury returned indictments for the 34 year old, charging her with 17 counts of forgery, which, per Tennessee law, includes the act of false bookkeeping.

Pace turned herself in Thursday evening at the Montgomery County Jail, where she was released after posting $5,000 bond.

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