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Accused CEO Ordered to Undergo Mental Health Evaluation

MCU members react to the criminal accusations against Kam Wong, who is free after posting a $1 million bond.

CEO accused of embezzling money to buy lottery tickets.

On May 4, more than 800 members attended the 102nd annual meeting of Municipal Credit Union in New York City, where they were told their president/CEO Kam Wong was on leave.

Just four days later, on May 8, members found out why Wong was on leave. Many of them were shocked, stunned, sad, angry, disappointed and disgusted that the top executive they had trusted for years was arrested and charged with fraud, embezzlement and aggravated identify theft in Manhattan’s federal court, just a mile from the MCU headquarters building where Wong worked since the 1980s.

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Peter Strozniak

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