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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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