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.
Bank, credit union and individual plaintiffs may all see their cases consolidated and moved to Minnesota, where Target is headquartered.
Defendant Sato Satka bribed former President/CEO Anthony Raguz with $90,000 cash in a brown paper bag.