On July 5, 2014, the board of directors of the $42 million Toledo Metro Federal Credit Union told their former president/CEO Charles Robert Poore they wanted to ask him about numerous suspicious transactions on his corporate credit card. The next day, Poore resigned and was never seen again at the Toledo, Ohio-based cooperative.
Federal agents, however, found Poore in Pittsburgh and arrested him Oct. 20 on a felony charge of thrift and credit union theft, embezzlement or misapplication. After a hearing in U.S. District Court in Pittsburgh, Poore was released on a $25,000 bond.
A TMFCU internal investigation revealed from December 2011 through May 2014, the credit union paid a total of $269,593 to Visa for transactions Poore made on his corporate credit card. Most of those transactions primarily paid for office equipment and supplies, according to a federal affidavit filed in U.S. District Court in Pittsburgh.
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