The United States Attorney's Office for the Middle District of Pennsylvania announced Wednesday that the former CEO of Scranton-based Valor Federal Credit Union, formerly known as Tobyhanna Federal Credit Union, has been chargedwith bank fraud and attempted bank fraud.

According to United States Attorney Peter Smith, the charges filed in U.S. District Court in Scranton allege that Sean E. Jelen, 33, committed and attempted to commit a series of fraudulent activities from July 2014 to August 2015. For most of that time, Jelen served as the CEO of Valor. All of the alleged fraudulent activities were associated with Valor, and many allegedly involved forged and altered documents created by Jelen.Jelen is charged with executing a scheme to defraud Valor of about $718,000, some of which went to pay for his personal credit card, his graduate tuition, his spouse's birthday party, and a golf tournament sponsorship.Jelen is also charged with rigging elections held for the Valor board of directors, in which he elected and subsequently impersonated fictitious members of the board of directors and its supervising committee.Jelen is charged with attempting to obtain an additional roughly $1,146,000 through fraudulent means, and with creating a forged severance contract that would be triggered by his termination.Valor is a federal credit union, and its assets are insured by the National Credit Union Administration, which also supervises and regulates it.Forfeiture of property obtained as a result of the fraud, including a residence located in New York, is sought.The government also filed a plea agreement with Jelen to the alleged charges, which is subject to approval of the court.A date for his initial appearance has not been set.Valor terminated Jelen's employment in August.The investigation was conducted by the FBI.