A financial crimes investigator at the $1.5 billion TruMark Financial Credit Union helped Philadelphia police arrest a 21-year-old man who was running a phony check scheme.
The Trevose, Pa.-based credit union lost $8,000 because of the fraud, but work by TruMark Financial Crimes Investigator Linda Volz prevented the theft of an additional $22,000. Volz also thwarted the theft of an unknown amount of funds at three other financial institutions, Vincent J. Market, TruMark Financial's chief financial officer, said Tuesday.
About 14 TruMark Financial accounts were affected by the fraud.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
