real estate developer

• AEA Federal Credit Union Accomplice Gets Two-Year Prison Term

  By Michelle A. Samaad  |  April 10, 2012

  A co-conspirator in the business lending kickback scheme that led to the collapse of AEA FCU has been sentenced to 24 months in prison.

• AEA Suit Tossed Out

  By Michelle A. Samaad  |  March 25, 2012

  In the latest update involving AEA Federal Credit Union, a judge has rejected claims from a real estate developer that the NCUA-conserved cooperative is still responsible for funding his projects.

• Judge Dismisses Developer’s Suit Against AEA FCU

  By Michelle A. Samaad  |  March 16, 2012

  A judge has rejected claims from a real estate developer that the NCUA-conserved AEA Federal Credit Union is still responsible for funding his projects.

• AEA FCU Co-Conspirator May Receive 12-Month Sentence

  By Michelle A. Samaad  |  March 13, 2012

  Prosecutors recommend developer get year in prison, probation after testifying against former credit union lending officer.

• Delta Community CU Hit With $75 Million Award

  By Michelle A. Samaad  |  February 5, 2012

  In a case of breach of contract, a judge has awarded a real estate developer $75.4 million judgment against Delta Community Credit Union.

• Business Loan Fraud Cases Advance

  By Michelle A. Samaad  |  February 5, 2012

  Two major credit union cases involving business loan fraud made news over the past week.

• Delta Community Lawsuit Plaintiff Says Atlanta CU Backed Out of Florida Deals

  By Michelle A. Samaad  |  February 2, 2012

  More details have emerged on how the alleged failed transactions involving Delta Community Credit Union led to a judge awarding $75 million to a developer.

• Delta Community CU to Appeal Realtor’s $75 Million Judgment

  By Michelle A. Samaad  |  February 1, 2012

  In a case involving an alleged breach of contract, a judge has awarded a real estate developer $75.4 million judgment against Delta Community Credit Union.

• Denali Alaskan FCU Pleased with Developer Indictment

  By Michelle A. Samaad  |  January 27, 2012

  The recent indictment of a real estate developer that allegedly obtained loans under false circumstances has brought Denali Alaskan Federal Credit Union some relief.