Ex-Clerk Pleads Guilty To OnlineLaundering Scheme

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POUGHKEEPSIE, N.Y. - (05/01/06) – A former clerk at Hudson ValleyFCU pleaded guilty Friday to grand larceny for using the creditunion’s computer to siphon $98,000 from a member’saccount then wiring the funds online to banks in France, China andSpain. The ex-clerk, identified as 20-year-old Christopher Renzo,of nearby Pleasant Valley, then had the overseas funds convertedinto electronic money orders and deposited into his own creditunion account. In return for his guilty plea, Renzo was promised asentence of five years probation and agreed to payrestitution.

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