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.
William and Rhonda Liddle convicted in Arizona business loan case.
Nearly a year after AEA Federal Credit Union was placed under NCUA conservatorship, the financial institution is in court trying to recover some of the funds it allegedly lost in millions of dollars of soured business loans.
The Yuma, Ariz.-based, $229 million AEA FCU faces millions of dollars in bad loans and a relatively poor net worth ratio, according to its most recent Call Report from the NCUA.