Court Documents Reveal Details About $40 Million Embezzlement Case

Former CEO says NCUA auditors did not know what they were looking for during examinations.

By Peter Strozniak | April 01, 2019 at 05:55 PM

Former CBS Employees Federal Credit Union CEO Edward Rostohar said he was able to steal and conceal his $40 million embezzlement for 20 years because NCUA auditors "didn't really know what to look for" during examinations, according to court documents filed in U.S. District Court in Los Angeles.

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