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AEA Federal Credit Union Accomplice Gets Two-Year Prison Term

A co-conspirator in the business lending kickback scheme that led to the collapse of AEA FCU has been sentenced to 24 months in prison.

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One of the co-conspirators involved a business lending kickback scheme that led to the collapse of AEA Federal Credit Union in Yuma, Ariz., has been sentenced to 24 months in prison.

U.S. District Judge Susan Bolton recently handed down the sentence to Frank Ruiz, an Arizona real estate developer who paid William Liddle, an AEA business lending officer, more than $1 million in bribes for the exchange of loan approvals. After serving his sentence, Ruiz will receive three years of supervised release.

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