The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada, to pay for lavish trips and for gambling.
Prosecutors allege former employee at Heritage Trust FCU used $325,000 to pay for personal credit card bills.
The NCUA seeks to recover damages from a credit union failure allegedly caused by internal fraud.
A former credit union employee pleaded guilty to bank fraud in U.S. District Court in Albuquerque, N.M., the week of Oct. 20 and admitted to using members’ accounts to pay debts and place a down payment on a house.
A U.S. District Court judge in Alexandria, Va., sentenced Timothy J. Coughlin, 63, of Indianapolis to more than seven years in federal prison the week of Oct. 20 for embezzling $10 million through a fake credit union.
Louisa Gabaldon pleads guilty to withdrawing $118,000 from accounts at Belen Railroad Employees Credit Union.
Timothy J. Coughlin embezzles $10 million through a bogus credit union, receives seven-year sentence.
Heartland Payment Systems asks a federal judge to dismiss its breach lawsuit.
Heartland Payment Systems cites protection from economic loss doctrines in two states.
Senate Majority Whip Richard Durbin (D-Ill.) joins retailers filing briefs urging the Supreme Court to hear the interchange suit.