Group Sentenced After Cashing More Than $1 Million in Counterfeit Bonds at CUs, Banks

The fraudsters use their names and SSNs on the 176 fake bonds, most of which are exchanged for cash at CUs.

By Peter Strozniak | February 09, 2024 at 04:00 PM

Seven persons who cashed 176 counterfeit U.S. Treasury bonds at two credit unions and two banks were sentenced last month and ordered to pay restitution of more than $1 million in restitution, according to the U.S. Attorney's Office in Montgomery, Ala.

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Six Navy Federal Members Face Felony Fraud Charges

By Michael Ogden | May 08, 2024

The members allegedly deposited fake checks into their accounts after targeting elderly bank customers.

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New Mexico Judge Approves $1.6 Million Credit Union Data Breach Settlement

By Peter Strozniak | May 02, 2024

The deadline for members of First Financial Credit Union to submit claims for reimbursements and cash payments is today.

New Mexico Judge Approves $1.6 Million Credit Union Data Breach Settlement

Man Allegedly Deposits $7 Million in Stolen U.S. Treasury Checks at Credit Unions

By Peter Strozniak | May 01, 2024

Federal prosecutors charge Kyle Eugene Duncan-Carle with bank fraud, aggravated identity theft and receipt of stolen government property.

Man Allegedly Deposits $7 Million in Stolen U.S. Treasury Checks at Credit Unions

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