Former Municipal Credit Union CEO Pleads Not Guilty

Kam Wong is arraigned on embezzlement, bank and wire fraud, and aggravated ID theft felonies.

By Peter Strozniak | October 18, 2018 at 11:46 AM

Kam Wong, former president/CEO of the $2.9 billion MunicipalCredit Union pleaded not guilty to embezzlement, bank fraud, wirefraud and aggravated identify theft last week in Manhattan's U.S.District Court.

The felonies stem from a criminal complaint that surfaced in Mayfollowing a federal investigation that accused the 62-year-oldexecutive of allegedly stealing millions of dollarsfrom MCU through various fraudulent reimbursementschemes from 2013 to 2018.

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