A Yuma, Ariz., businessman who figured in a fraudulent kickbackscheme contributing to last December's collapse and NCUAconservatorship of AEAFederal Credit Union has pleaded guilty to government chargesand will be sentenced Oct. 3, according to the U.S. Attorney'soffice.
|Appearing in a Phoenix court, Frank Ruiz admitted to paying morethan $1 million in kickbacks to an AEA vice president of businesslending, also charged in the case, to obtain $22 million in loansto finance a Yuma kids park and nightclub, both of which wentbankrupt.
|In the plea deal, Ruiz has agreed to testify against WilliamLiddle, the AEA vice president, and his wife, Rhonda, both of whomface criminal charges in a trial set for next January.
|The charges filed by the FBI allege the Liddle and his wifeapproved more than $25 million in business loans and engaged in thekickback scheme. The couple was arrested Dec. 2. Liddle hadbeen employed at AEA from November 2004 to December 2009.
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