Ruiz was a co-conspirator in a business lending kickback scheme with the credit union’s former vice president of business lending, William Liddle.
William Liddle and his wife, Rhonda, have agreed to pay more than $25.3 million for participating in a business loan kickback scheme involving AEA FCU.
Former vice president found guilty of 54 counts of fraud that led to the near collapse of AEA Federal Credit Union sent to prison.
After meeting a noon deadline Tuesday for confirming William Liddle’s reported stabbing, the former AEA Federal Credit Union lending executive will be sentenced June 1.
Federal judge says proof by noon Tuesday or warrant issued.
Improved financials, new products and services under NCUA conservatorship following insider lending fraud case.
A co-conspirator in the business lending kickback scheme that led to the collapse of AEA FCU has been sentenced to 24 months in prison.
In the latest update involving AEA Federal Credit Union, a judge has rejected claims from a real estate developer that the NCUA-conserved cooperative is still responsible for funding his projects.
The timing of a collaboration between two of the industry’s well-known entities to fight employee dishonesty could not have come soon enough.
After a two-week trial that included several witnesses testifying against each other, a jury found William Liddle, a former loan officer at AEA Federal Credit Union, guilty of several counts of fraud and money laundering.