More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.
The troubles at Nevada’s Silver State Schools Credit Union, which include a 2% pay cut in September, reverberated across the state again last week.
Indictments added to nine already charged in Cleveland credit union failure.
Federal agents seized and replaced five command and control servers and 29 domain names used by the botnet to hack financial accounts.
The U.S. Department of Justice is shooting down Coreflood.
The $353 million First Financial Credit Union, headquartered in Albuquerque, N.M., hopes to find a buyer that can take a multimillion dollar mistake off its balance sheet.
The U.S. Department of Justice has indicted nine people, six men and three women, for fraud, bribery and money laundering in connection with the collapse of the $239 million St. Paul Croatian Federal Credit Union.
Four people, who were either convicted of or pleaded guilty to various crimes while working at credit unions, have been banned by the NCUA from ever participating in the affairs of a federally insured financial institution.
The man indicted for bank fraud and money laundering in connection with the collapse of St. Paul Croatian FCU has been denied bail in federal court.
A federal grand jury indicted a St. Paul Croatian FCU member for bank fraud and money laundering that cost the credit union $2.5 million and led to its eventual closing.