David K Henke, the former CEO of the $6 million Rapids Municipal Credit Union, headquartered in Wisconsin Rapids, Wis., has been found dead in his car of an apparent suicide on Nov. 2.
Henke had faced a plea hearing that day to answer federal charges that he embezzled over $600,000 from the credit union over an almost ten year period, from November 1999 to October 2008, according to court documents. When Henke did not appear for the hearing, the court issued a bench warrant for his arrest and sheriff's deputies found his body when they went to serve the warrant, according to local media sources.
The government charged that Henke defrauded the credit union across a wide variety of venues, ranging from falsifying expenses in the general register to adding loans to members' accounts without their knowledge to taking over the accounts of dormant or deceased members to forging members' signatures to collateralize loans, among others.
After Henke had been arrested, court documents show that one of the conditions of his release had been that he maintain his regularly scheduled appointments with mental health professionals and that he notify his probation officer if he missed any.
