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A former business development manager for the $1 billion Philadelphia Federal Credit Union was indicted Tuesday for allegedly helping launder money for three Pennsylvania public officials, including an elected judge.

A federal grand jury handed down a superseding indictment that charged Kevin M. Biederman, 34, with five felony counts of conspiracy to commit money laundering, money laundering and bank bribery. Biederman worked at PFCU from 2012 to March 2016.

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Peter Strozniak

Credit Union Times

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