Michigan credit union ex-CFO shockingly confesses to embezzling $20 million

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Cash stolen from scores of LMCU accounts 5 days ago. After $40-million embezzlement, former CBS credit union manager gets 14 years in. He pleaded guilty to a felony count of bank fraud May 20.

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Just days after the former chief financial officer of a Michigan credit union walked into the local sheriff’s office and confessed to embezzling $20 million from his former employer, the credit union.

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After ex-CFO admits to embezzling $20M, Michigan credit union placed into conservatorship UBS will pay $69.8 million to NCUA for credit union RMBS losses Ben Lane is the Managing Editor of.

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– Credit Union Officer Admits to Embezzling $20M. officer of an Independence Township credit union is charged with multiple felonies after admitting he embezzled more than $20 million over 12. PDF Ex-CFO accused of embezzling $20M from credit union – and 13 counts of embezzlement $100,000 or more in 52-2 District Court in Clarkston.

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Lending Michigan credit union ex-CFO shockingly confesses to embezzling million walked right into sheriff’s office and spilled his guts. The former Chief Financial Officer of a Clarkston credit union pleaded guilty Thursday to embezzling more than $18 million from his employer, U.S. Attorney Barbara McQuade announced.