Federal court convicts Makushamari Gozo of 18 counts of making a false claim and five counts of bank fraud involving cars and fuel.
This preview from the March 13 print edition takes a look at the fight against loan fraud.
With the recent guilty verdict against a businessman that scammed $7.5 million from the former Lockheed Credit Union to obtain a number of loans, the decision may have offered another instance of assurance that the public is becoming increasingly fed up with fraud.
Oklahoma, Texas credit unions taken down by internal fraud; managers banned by NCUA.
A jury has found Brent Edward Lovett guilty of bank fraud for bilking Logix FCU out of $7.5 million by providing false loan app info.
A. Eddy Zai also ordered to pay $23 million in restitution to NCUA.
Former Clara Barton FCU employee banned by NCUA after conviction on bank fraud charge.
Clevelander Jukic Zrino was business partner with failed credit union's jailed CEO.
Svetislav Vujovic pleaded not guilty to charges of bank fraud, money laundering and bribery in U.S. District Court in Cleveland on Friday.
Svetislav Vujovic to be arraigned on bank fraud, money laundering and bribery charges in Cleveland federal court.