U.S. Attorney's Office

• AEA FCU Business Loan Fraud Trial Set For 2012

  By Michelle A. Samaad  |  May 5, 2011

  Former vice president, wife, associate accused in apparent $1 million kickback scheme.

• Former Arizona Credit Union Vice President Is Arrested

  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.

• Arizona CU Rocked by Business Lending Fraud

  By Michelle A. Samaad  |  December 2, 2010

  AEA Federal Credit Union in Yuma, Ariz., announced today it has been notified that the FBI has filed criminal charges with the U.S. Attorney's Office alleging fraudulent actions on the part of its former vice president of business services.

• $10 Million Scheme Scams Church CUs

  October 20, 2010

  The FBI said a school district, state municipalities and credit unions that served several churches were among the victims of a $10 million Ponzi scheme run by a Southfield, Mich., investment adviser.

• Zeus Malware Bust Seen as One Victory Against a Persistent Plague

  By Marc Rapport  |  October 13, 2010

  The arrests of dozens of suspects in New York last week for the theft of at least $3 million from banking accounts across America was both good news and a wakeup call for the credit union industry.

• Church CUs Involved in $10 Million Ponzi Scheme

  By Michelle A. Samaad  |  October 8, 2010

  Several credit unions, a school district and state municipalities were among the victims of a $10 million Ponzi scheme run by a Southfield, Mich., investment adviser, according to the FBI.

• CU of Atlanta CEO Gaymon Killed by Undercover Detective in Newark Park

  By Michelle A. Samaad  |  July 28, 2010

  In town for a high school reunion, DeFarra Gaymon, president/CEO of the Credit Union of Atlanta, was shot and killed by an undercover sheriff's detective July 16 in a Newark, N.J., park.

• Gaymon Family Calls Detective Statement 'Blatant Lie'

  By Michelle A. Samaad  |  July 21, 2010

  The family of DeFarra Gaymon, president/CEO of the Credit Union of Atlanta, said the statement from the detective who shot and killed Gaymon is "inconsistent" and "jumbled."