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Archive for category: Criminal Activities

credit union ceo embezzlement

Louisville Metro Police Officers Credit Union closes amid FBI probe

Another Credit Union Closes After Claims of Fraud and Investigation by FBI. From the Courier Journal: The Louisville Metro Police Officers Credit Union has closed amid an FBI investigation and ...

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Kam Wong Municipal credit union embezzelment

Credit Union CEO Admits to Million Dollar Theft

From Credit Union Times: Sherry Ann Allen stole more than $1.1 million from the Greater Eastern Credit Union by using a hidden transaction feature, knowing no one at the Johnson City, Tenn.-based coop...

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Municipal Credit Union CEO Embezzles Members’ Money, Despite Already Earning a $2 Million Salary

From Bob Hennelly, of The Chief: The Municipal Credit Union, whose longtime president and CEO has been accused of embezzling millions of dollars that he squandered playing the lottery and indulging a ...

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Former CEO of Credit Union Pleads Guilty to Theft and Tax Evasion

From WJHL News: The former CEO of a Johnson City credit union has pleaded guilty to theft and tax evasion.  Sherry Ann Allen, age 49 of Johnson City, pleaded guilty on Wednesday to embezzling mor...

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credit union ceo embezzlement

CEO of Municipal Credit Union Charged With Fraud, Embezzlement

From Crain’s New York Business: The chief executive of New York’s Municipal Credit Union, Kam Wong, was charged with fraud and embezzlement by federal prosecutors today after allegedly bi...

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Financial fraud concept

Former CEO of North Carolina Credit Union Charged With Embezzlement

From the Credit Union Times: A North Carolina federal grand jury on Friday indicted Saundra Torrence, a 27-year president/CEO of the $32 million First Legacy Community Credit Union, for allegedly embe...

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