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court sentencing scheduled Source: Shutterstock.

Edward Rostohar, 62, the former president/CEO of the $21 million CBS Employees Federal Credit Union, is scheduled to be sentenced in September after he pleaded guilty to one count of bank fraud Monday in U.S. District Court in Los Angeles.

In a plea deal he signed with federal prosecutors on May 10, Rostohar admitted to stealing more than $40 million from the Studio City, Calif. credit union over two decades, one of the industry’s largest embezzlements in recent years.

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Peter Strozniak

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