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By Michelle A. Samaad |
February 5, 2012
Two major credit union cases involving business loan fraud made news over the past week.
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By Michelle A. Samaad |
January 26, 2012
A jury is currently hearing testimony in the case involving William Liddle, who was allegedly involved in a loan kickback scheme.
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By Michelle A. Samaad |
October 25, 2011
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.
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By Jim Rubenstein |
July 25, 2011
Two of NCUA’s sand state conservatorships appear this week to be on positive but differing financial tracks.
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By Jim Rubenstein |
June 20, 2011
Faces sentencing in October; admits paying kickbacks for $22 million in loans for now failed kids park and nightclub.
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May 23, 2011
A new series from the Georgia Department of Banking and Finance addresses the role of boards of directors at credit unions and banks.
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May 23, 2011
January 2012 is the scheduled date for an alleged business loan fraud case involving AEA Federal Credit Union.
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By Michelle A. Samaad |
May 5, 2011
Former vice president, wife, associate accused in apparent $1 million kickback scheme.
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By Michelle A. Samaad |
January 12, 2011
Signs that AEA Federal Credit Union was in trouble started well before its former executive was recently indicted for an alleged kickback ring with ties to a portfolio now crumbling under the weight of defaulted loans.
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By Michelle A. Samaad |
December 15, 2010
An 11-month federal investigation has revealed that a former vice president of business services at AEA Federal Credit Union in Yuma, Ariz., was allegedly one of the persons behind the approval of business loans in an apparent $1 million kickback scheme.
