photo of a calculator, handcuffs, cash and a spreadsheet Source: Shutterstock.

A North Carolina leader of a check fraud ring, which caused financial losses of more than $150,000 at the state’s largest credit union and four banks, was sentenced to five years and three months in prison by a federal judge.

U.S. District Court Judge Terrence W. Boyle for the Eastern District of North Carolina also ordered Carl Edwin Parker Jr., on Sept. 6 to pay $97,940 in restitution to the $53.1 billion State Employees Credit union in Raleigh and serve five years of supervised release following his prison term. Parker pleaded guilty to conspiracy to commit bank fraud.

Peter Strozniak

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