A former Alabama credit union president/CEO was charged with bank fraud, money laundering, wire fraud and conspiracy Monday in a 112-count indictment that detailed how he allegedly controlled a cooperative and stole $14 million in property, assets and federal grants that were supposed to fund health care services for poor children, adults and the homeless.

Jonathan Wade Dunning, 51, pleaded not guilty to all felony charges in U.S. District Court in Alabama after federal agents arrested him in a resort hotel in Hoover, Ala., according to court records.

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Peter Strozniak

 

Credit Union Times

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