An Orlando businessman allegedly sold bogus USDA-guaranteed loans to UWCU through a third-party vendor.
Ohio man receives nine-year sentence, ordered to pay nearly $3M in restitution.
Lester Warby succeeds Michelle Johnson at $12 million Montana credit union previously sacked by a business loan scheme.
Dona Takushi's lawyer tells local media his client 'went off the tracks' when she stole $120,000 from a Hawaii credit union.
The two latest reports of internal credit union fraud both involve cooperatives serving law enforcement.
A woman was sentenced the week of Sept. 8 to 13 months in prison for stealing nearly $360,000 from her credit union employer.
Jenny Nishida receives 13 months in prison for her theft of nearly $360,000.
Security expert tells CU Times JPMorgan and others fail to invest in enough technology to protect against system access.
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.
FBI agent tells CU Times he's never seen a case where three employees independently stole from the same institution without collusion.