Assistant Manager Looted MemberAccounts

ISLE OF WIGHT, Va. - (07/21/05) -- The former assistant manager atSmithfield Packing Employee's CU pleaded guilty Wednesday tostealing more than $100,000 from credit union members over afour-year period. Lamonte Addison, 39, of Newport News, confessedto a scheme under which he would take funds directly from members'accounts and write members' checks to himself. Funds were takenfrom 56 members, police said. Addison faces up to 20 years inprison at his September 21 sentencing.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER