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Former Municipal Credit Union CEO Pleads Not Guilty

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

New York County Supreme Court and U.S. District Court – Southern District of New York at background.

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

The felonies stem from a criminal complaint that surfaced in May following a federal investigation that accused the 62-year-old executive of allegedly stealing millions of dollars from MCU through various fraudulent reimbursement schemes from 2013 to 2018.

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Peter Strozniak

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