fraud

• Theresa Portillo Sentenced to 6½ Years in Prison for Looting Feminist CU

  By Heather Anderson  |  May 10, 2013

  Former CEO sent to prison after embezzlement forced collapse of Women's Southwest Federal Credit Union.

• Ex-Credit Union Manager Faces May 21 Arraignment in Pittsburgh

  By Peter Strozniak  |  May 7, 2013

  Victoria Rozanski accused of stealing more than $100,000 from now-defunct $600,000 Ellwood City Holy Redeemer Parish Federal Credit Union.

• NCUA Pulls the Plug on $13.8M Lynrocten FCU Amid Criminal Probe

  By Heather Anderson  |  May 3, 2013

  Lynchburg, Va., police reported investigating allegations of missing funds, fraudulent loans.

• NCUA Bans Ex-Managers Who Were ‘Home Alone’ Managing Tiny CUs

  By Heather Anderson  |  April 30, 2013

  Four of five hit this week with agency bans stole from credit unions where they were the sole employees.

• Scam Tied to JOBS Act on SEC’s Radar, Agency Warns

  By Michelle A. Samaad  |  April 29, 2013

  Washington state businessman hit with fraud charges.

• Former CU Manager Wins Retrial in Case Over Unauthorized Raises

  By Peter Strozniak  |  April 26, 2013

  Anne L. Clyburn's 2010 conviction was overturned in the case over $32,469 and a new trail was ordered.

• Former Houston CU Lending VP Faces May Embezzlement Trial

  By Peter Strozniak  |  April 8, 2013

  Shawn Lee Nelson was with Members Choice CU, now faces 12 counts in $340,000 theft.

• Overseas Card Thieves Come Up With New Way to Get Card Data

  By David Morrison  |  April 2, 2013

  Russia syndicates said to have developed malware to collect data stored at POS terminal and in ATM log files.

• Former EVP Gets Prison, $1 Million in Restitution From Federal Judge

  By Peter Strozniak  |  March 27, 2013

  Carol Ann Ferraro convicted of embezzling $968,000 from $102 million Chaffey FCU in Upland, Calif.

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  Threat of the Week: ATM Fraud on the Rise

  By Robert McGarvey  |  March 26, 2013

  FICO finds old-fashioned skimming leading the way.