Two Virginia women are sentenced in the same courtroom. A Florida branch manager is also sentenced for stealing $250K.
Linda Sue Newcomb signs a plea agreement and faces seven to 12 years in federal prison.
More information is revealed about how two women created and sold fake participation loans.
FBI agents confiscate 91 firearms from Linda Newcomb's home prior to her June 17 arrest.
The NCUA can intervene in a loan participation fraud suit involving the failed $13.8 million Lynrocten Federal Credit Union.
The NCUA says Northern Piedmont FCU's suit to recover loan participation losses from the failed Lynrocten FCU hampers liquidation.
Former Lynrocten Federal Credit Union employee said she stole as much as $4,000 per month for four years.
Three former employees of the $13.8 million Lynrocten Federal Credit Union have been accused of loan participation fraud in a $1.7 million civil lawsuit.
Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.
Culpeper, Va., credit union accuses staff of shuttered Lynchburg, Va., credit union of stealing loan sharing funds.