Former Co-Owner of a CUSO Sentenced to Probation in Anti-Money Laundering Case

Prosecutors say Hanan Ofer played a minor role in high-risk transactions of more than $324 million.

By Peter Strozniak | September 07, 2023 at 03:00 PM

A federal judge sentenced a former co-owner of a New York CUSO to two years of probation for engaging in high-risk financial transactions that included more than $324 million in bulk cash deposits managed by the $1.8 million New York State Employees Federal Credit Union (NYSEFCU).

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Former Credit Union Employee Sentenced in $2 Million Wire Fraud Scheme

By Peter Strozniak | May 17, 2024

Jose Prado-Valero receives more than $100,000 in cash kickbacks from remote co-conspirators.

Former Credit Union Employee Sentenced in $2 Million Wire Fraud Scheme

$3.4 Million Fraud Victimizes Alabama's Largest Credit Union

By Peter Strozniak | May 16, 2024

Eighteen persons are arrested and charged with theft, and arrest warrants are issued for five other individuals.

$3.4 Million Fraud Victimizes Alabama's Largest Credit Union

Sentence Handed Down in Bayer Heritage FCU Theft

By Peter Strozniak | May 09, 2024

Brandon Watkins uses member account numbers and personal information to access their funds via ITMs.

Sentence Handed Down in Bayer Heritage FCU Theft

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