The charging documents provide details of how Kaufman allegedly used Melrose as leverage to finance a comfortable lifestyle. The documents charge that Kaufman:

Repeatedly solicited and obtained free luxury trips from vendors such as CBS Radio, the New York Jets and Madison Square Garden. They included CBS Radio's free "World Trip to Paris" (2010); MSG's free trip to Stockholm; Sweden to watch the New York Rangers play hockey (2011); CBS Radio's free Trip to Hawaii (2012), MSG's free trip to "The Voodoo Event" (concert series) in New Orleans (2012); CBS Radio's free trip to the Super Bowl in New Orleans (2013), the New York Jets' free trip to San Diego to watch the Jets play the Chargers (2014); the New York Jets' free trip to Chicago to attend the VIP "2015 NFL Draft Experience," and the New York Jets' free trip to Dallas to watch their game against the Cowboys."
Signed a $2 million a year naming rights agreement with a company, that, when he began experiencing financial difficulties, purchased a "dwelling" for him for $630,000 and never charged him rent. Kaufman allegedly told the credit union board that other credit union employees thought the naming rights agreement was a good idea.
And another person established Briarwood Transfer Services, a third-party broker of taxi medallions. The company was located in Melrose's offices and Kaufman spent time on Briarwood business, unbeknownst to members of the credit union board.
Entered into a consulting contract with his father when he retired from the credit union and paid him $6,500 a month. Kaufman was the only person responsible for monitoring his father's work and by the time Alan Kaufman was terminated, only one of the members of the credit union's board had been on the board long enough to recall the contract being signed. As part of his consulting contract, Melrose paid for his father's and stepmother's airfare, hotels and meals to meetings as well as personal vacations.
Allowed his spouse, children, father and stepmother to charge limousine travel to a corporate account.

Instant Insights /

NCUA Charges 'Dishonesty' & 'Unfitness to Serve' Against Former CU CEO

Related Stories

Recommended For You