A federal court has granted the NCUA a preliminary injunction preventing the dissipation of assets in its civil lawsuit against the estate of the late John C. DuPree Jr., the former manager of the now-liquidated Shiloh of Alexandria Federal Credit Union.
DuPree, who died at the age of 48 on April 4 – just one day before the $2.4 million financial co-op was liquidated by the NCUA – confessed to embezzlement in a suicide note, according to court documents. The credit union was located at a church just blocks from NCUA offices in Alexandria, Va.
The NCUA filed a civil lawsuit against DuPree's estate and his former fiancé Sharon Gonder on Nov. 19 in U.S. District Court for the Eastern District of Virginia. The agency, which is suing for $9.7 million in compensatory damages and is also seeking punitive damages, requested an injunction to prevent the dissipation of estate assets during litigation, according to the civil complaint.
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