CEO Pleads Guilty to Cooking the Books of Troubled CU

KANSAS CITY – The former president and CEO of financially ailing Credit Union Group, a conglomerate of four local credit unions that was run under conservatorship until earlier this month, pleaded guilty last week to falsifying the books. Mark Kasson, 38, of Lawrence, admitted to cooking the books to show that $3 million in loans had been sold to other credit unions to remove the loans from the credit union’s records. The false bookkeeping was one of the reasons the credit union conglomerate was taken over by regulators.

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