Body Fished from River is of Figure in D. Edward Wells FCU Case

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CHICOPEE, Mass. – Police identified a body found Monday in the Chicopee River as that of Douglas Smith, who was charged along with his mother, Carol Aranjo, of looting D. Edward Wells FCU, the once prominent community development credit union. Smith was missing since November when he was reported to have capsized while trying to retrieve a canoe from the rising river. Smith, his mother and father have all been charged in an 86-count indictment with embezzling funds from the now defunct CDCU. Aranjo was a nationally known figure among community development financial institutions and once chaired the National Federation of CDCUs.

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