AEA Federal Credit Union in Yuma, Ariz., announced today it hasbeen notified that the FBI has filed criminal charges with the U.S.Attorney's Office alleging fraudulent actions on the part of itsformer vice president of business services.
The $309 million CU said William (Bill) Liddle was involved inalleged unlawful actions while he was working for AEA. According toa statement from the CU, Liddle was hired by AEA in November of2004 to develop and manage a business services program based on hisformal education and professional expertise in commercial lendingand international business. Liddle resigned from his position inDecember of 2009 to manage his business, Desert Capital AdvisorsLLC.
AEA said inconsistencies detected following Liddle's departureprompted an audit of business lending activities conducted by anexecutive committee appointed by AEA officials.
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