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Federal prosecutors said Alan Kaufman viewed Melrose Credit Union as his personal fiefdom, repeatedly betraying his fiduciary duties to the institution and its members.

“The credit union motto is ‘people helping people.’ Unfortunately, Alan Kaufman ran Melrose Credit Union to help Alan Kaufman - not the hardworking members - mostly small taxi medallion owners, who worked around the clock to make ends meet,” prosecutors wrote in a 38-page sentencing memo to a federal judge. “His crimes were serious and call out for just punishment,”

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Peter Strozniak

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