Following years of regulatory inspections, allegations of fraud and lawsuits, John Dee Carruth, president/CEO of the $598 million, Tuscaloosa, Ala.-based Alabama One Credit Union, said he has proof of a state government conspiracy against him, several of his colleagues and his financial institution.

Carruth shared dozens of emails, depositions and other documents with CU Times, which he said is evidence that attorney Justice D. "Jay" Smyth, III conspired with his political friends to force Alabama One to settle lawsuits for millions of dollars.

Smyth has denied these allegations, and drama could ensue in a lengthy court battle.

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