Clarence Penny, 40, of Pace, Florida, was indicted by a federal grand jury on eight counts of bank fraud, one count of embezzlement of labour union funds, and three counts of falsification of labour union reports.
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 6, 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’s imprisonment for each count of falsification of labour union reports.
The case was investigated by the U.S. Department of Labour’s Office of Labour-Management Standards. Assistant United States Attorneys Brooke DiSalvo and Walter Narramore are prosecuting the case.
An indictment is merely a grand jury’s allegation 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.
