The FBI is investigating whether the former manager of the former Parsons-Pittsburg Credit Union embezzled $10 million and gambled it away at casinos in Oklahoma and Missouri, according to documents filed in U.S. District Court in Wichita, Kan.
Former employee of liquidated Parsons-Pittsburg Credit Union cites millions in gambling, court documents say.
The Honolulu FBI says three employees embezzled funds in similar ways from the $12M OTSEFCU, but did not collaborate.
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.
The $252M Widget Financial FCU helps the FBI bust a five-person ring that stole $10 million over nine years.
Debra Kinney, the former CEO of Border Lodge Credit Union in Derby, Vt., will serve three years in federal prison for embezzling more than $630,000 from accounts of 33 members.
Three years in prison for $630,000 theft from $3.1 million credit union.
Renee J. Thomas, former president/CEO of the merged Community Credit Union, pleaded guilty to misapplication of funds and wire fraud.
Renee Thomas, former CEO of the merged $12M Community CU in Tacoma, Wash., pleaded guilty to defrauding the credit union and CUNA Mutual in December.