FORMER LABOR UNION TREASURER INDICTED FOR BANK FRAUD, EMBEZZLEMENT, AND FALSIFICATION OF UNION FINANCIAL REPORTS

PENSACOLA, FLORIDA - Clarence Penny, 40, of Pace, Florida, was indicted by a federal grand jury charging him with eight counts of bank fraud, one count of embezzlement of labor union funds, and three counts of falsification of labor union reports. John P. Heekin, United States Attorney for the Northern District of Florida, announced the charges today.

Penny appeared for his arraignment in federal court before United States Magistrate Judge Hope T. Cannon on February 12, 2026, in Pensacola, Florida. Jury trial is scheduled for April 16, 2026, before District Court Judge M. Casey Rodgers.

If convicted, Penny faces up to 30 years' imprisonment for each count of bank fraud; up to five years' imprisonment for the embezzlement count; and up to one year imprisonment for each count of falsification of labor union reports.

The case was investigated by the U.S. Department of Labor's Office of Labor-Management Standards. Assistant United States Attorneys Brooke DiSalvo and Walter Narramore are prosecuting the case.

An indictment is merely an allegation by a grand jury that a defendant has committed a violation of federal criminal law and is not evidence of guilt. All defendants are presumed innocent and entitled to a fair trial, during which it will be the government's burden to prove guilt beyond a reasonable doubt at trial.

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