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Federal judge rules in case against a former credit union CEO. Federal judge rules in case against a former credit union CEO. (Source: Shutterstock)

The former CBS Employees Federal Credit Union President/CEO Edward Rostohar will spend 14 years in federal prison for his $40 million embezzlement that led to the financial collapse of the Los Angeles-based credit union, nearly $2 million in uninsured losses, lost jobs of long-time employees and a multi-million dollar class action lawsuit against board members.

Peter Strozniak

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