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Fraud & Risk Strategies

CEO Guilty Of $2.1 Million CU Theft

DEC 7, 2012 1:05pm ET

TEMPERANCE, Mich. – The former manager and sole employee of tiny United Catholic CU pleaded guilty this morning to embezzling $2.1 million from the now-failed credit union, which never claimed more than $500,000 in assets, over more than 20 years.

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