Auto Finance Theft Laundered Through CU Account

OKLAHOMA CITY – A part owner of Century Financial Group pleaded guilty last week to siphoning almost $900,000 from the auto finance company and laundering it through his credit union account. Richard Whitburn, 61, used his authority as an employee and part-owner of the company to electronically transfer $889,000 from a company account to his personal savings and checking accounts at Allegiance CU, formerly known as Federal Employees FCU. The money was transferred in small increments in 66 different occasions. Whitburn transferred the funds without the knowledge or consent of the company.

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