Ex-CU Employee Looted MemberAccounts

Register now

LINCOLN, Neb. - (07/25/05) -- A former employee at DorseyLaboratories FCU pleaded guilty last week to embezzling almost$300,000 from the credit union between 1989 and 2004. HerbertHansen admitted he stole the money by taking cash deposits from thecredit union and falsifying records in order to cover up his crime.Hansen faces up to 30 years in prison when sentenced on October14.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER