During the last 25 years, I have been involved in the investigation of many fraud cases. Some theft was for only small amounts used to purchase personal goods like booze, underwear, jewelry and car repairs. Other cases resulted in millions stolen over long periods of time exceeding 10, 20 or...
Donna Harabin of now-defunct Telco FCU in New York pleaded guilty to masking delinquent loans.
Former CEO of now-merged San Antonio credit union pleads guilty to covering up fraud with car dealer.
Court agrees to stop dissipation of assets in Shiloh of Alexandria FCU case.
Bans result from cases in Ohio, Texas and Connecticut.
Authorities now have permission to sell the million-dollar home of Alex Spirikaitis, the former CEO of the now-shuttered $23.6 million Taupa Lithuanian Credit Union in Cleveland.
Renee Thomas was at helm of now-merged Community Credit Union in Tacoma, Wash.
Michael Ross Franco gets 18 months in My Community FCU case from Midland.
Former part-time credit union manager in Pennsylvania gets 10 months for $110,000 theft.
As small businesses continue to increase their use of technology and mobile access to conduct transactions, the drawback is the shift may potentially widen the space for cyber thieves to strike and drain commercial accounts in one fell swoop.