Former Labor Union Treasurer Indicted on Fraud and Embezzlement Charges

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A 40-year-old man from Pace, Florida, who previously served as the treasurer of a labor union, has been indicted on multiple counts of bank fraud, embezzlement of union funds, and falsification of union reports. Clarence Penny is set to face a jury trial in April 2026 and could receive a lengthy prison sentence if convicted.

Why it matters

This case highlights the importance of financial oversight and accountability within labor unions, as well as the potential consequences for those who abuse their positions of trust. Union treasurers are responsible for managing members' dues and ensuring funds are used appropriately, so allegations of fraud and embezzlement can undermine the credibility of the entire organization.

The details

According to the Department of Justice, Clarence Penny was indicted on eight counts of bank fraud, one count of embezzlement of labor union funds, and three counts of falsification of labor union reports. The charges stem from Penny's time as the treasurer of a local labor union, where he is accused of misusing union funds for personal gain.

• Penny's jury trial has been scheduled for April 16, 2026.

What’s next

If convicted, Penny could face up to 30 years in prison for each bank fraud count, five years for the embezzlement charge, and one year for each count of falsification of labor union reports.