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.
Three Bucks County public officials were also charged with conspiracy to commit money laundering, money laundering, wire fraud, mail fraud and extortion.
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:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 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.
