A former credit union employee pleaded guilty to bank fraud in U.S. District Court in Albuquerque, N.M., the week of Oct. 20 and admitted to using members’ accounts to pay debts and place a down payment on a house.
Former Laclede Community Credit Union president to pay $93,430 in restitution for bank fraud charge.
Louisa Gabaldon pleads guilty to withdrawing $118,000 from accounts at Belen Railroad Employees Credit Union.
Alert staffers at the $104M Erie Community CU suspect loan fraud, break up a multi-million dollar ruse.
Charges range from forgery and money laundering to receipt of gifts for procuring loans.
The former assistant manager of the $40 million Wilkes-Barre City Employees Federal Credit Union and a police officer approached individuals to use their name to apply for loans, and then refinanced those loans or added debt to them without the individual's knowledge, according to federal indictments.
Latest charges allege Ohio men embezzled $1.9 million that led to the credit union’s collapse.
The former assistant manager and four members of the $40M Wilkes-Barre City Employees FCU plead not guilty to a straw loan scheme.
Two city police officers are among the members accused of defrauding the $40 million Wilkes-Barre City Employees FCU in Pennsylvania.
New charges from federal prosecutors include conspiracy to commit bank fraud, money laundering and making false statements.