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WICHITA, Kan. – A court recently rejected arguments from a former independent contractor who transferred $3.6 million from members’ accounts at Boeing Wichita Credit Union. According to federal officials, in January, 2001, after a series of bad personal investments, Richard Scott Wood began transferring money from members’ accounts without their permission. Wood was convicted on Feb, 4, 2003. On an appeal, Wood argued that evidence did not show he used false pretences on transferring the funds from the members’ accounts. The U.S. Court of Appeals Tenth Circuit rejected the argument saying that there was “ample evidence” Wood operated under false pretenses including testimony that he told CU employees that account holders had requested funds to be transferred out of their accounts. Wood also argued that he should receive a shorter prison sentence because he chose to accept responsibility for his crimes, according to federal officials. The court ruled that Wood had always denied he was guilty of the charges on which he was convicted. Wood is now serving a 57-month sentence.

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