Sentence handed down for former CU employee. Source: Shutterstock

Christopher Simmons, 40, of Chicago, will be sentenced in February after a jury found him guilty on three counts of financial institution fraud and one count of identity theft, the U.S. Attorney’s office for the Central District of Illinois in Peoria said.

Over two days of testimony in U.S. District Court last month, prosecutors showed that Simmons committed his fraud with Ardeen Canterbury, who initially obtained a $49,900 loan from the $7.5 billion Citizens Equity First Credit Union in Peoria to purchase a 2016 Audi from Simmons in January 2020. But it turned out he didn’t own the car and the information about the vehicle came from an eBay listing.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Strozniak

Dig Deeper

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.