X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A Minnesota couple, who managed a credit union, were each sentenced Tuesday for embezzling $2 million from it to support three successful businesses.

Nkajlo Vangh, 61, was sentenced to seven and a half years in federal prison, and his wife, True Yang Vangh, 52, was sentenced six years by U.S. District Court Judge Franklin Noel in Minneapolis. They were also ordered to pay restitution of $1.7 million and four years of supervised release after serving their prison sentences. They both pleaded guilty in May to one felony count of aiding and abetting bank fraud.

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?

Peter Strozniak

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.