Ex-Clerk Ordered To Make Restitution InInternet Money-Laundering

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POUGHKEEPSIE, N.Y. - (06/20/06) – A former clerk at Hudson ValleyFCU who stole more than $100,000 from the credit union in aninternational money-laundering scheme was placed on probationMonday and ordered to repay the stolen funds. Christopher Renzo,20, was working for the credit union in April 2005 when he used theInternet to transfer $105,000 from a member’s account tobanks in Spain, France and China. He then converted the funds intoelectronic money orders that he wired into his own account. Renzopleaded guilty April 29 to grand larceny and will be required topay the credit union $25,000 and its insurer, CUNA Mutual Group,$80,886.

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