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The former chief executive of a failed credit union was sentenced Friday to 18 years in prison for stealing more than $16 million that was supposed to fund non-profit health clinics for poor families and the homeless.

After testimony from more than 50 witnesses and nearly 700 exhibits during an 18-day trial in May and June in U.S. District Court in Birmingham, Ala., a jury convicted Jonathan Wade Dunning, 53, of 62 counts of wire fraud, 33 counts of money laundering, two counts of bank fraud and one count of conspiracy.

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Peter Strozniak


Credit Union Times

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