Ex-CU Manager Banned For Sports AgentScheme

August 05, 2004, 1:00 a.m. EDT 1 Min Read

ALEXANDRIA, Va. - (08/05/04) -- NCUA said it has banned the formerpresident of defunct Richland Teachers Council FCU, from the creditunion industry for his role in a scheme to provide illegal loans toa well-known sports agent. Andre Lewis was convicted in 2002 ofmoney laundering and embezzlement charges for improper loans heapproved to sports agent Marion Jones and Jones' now defunctcompany, Summit Management Group. The company represented formerHeisman Trophy winner Charles Woodson and then-Washington Redskinsrunning back Stephen Davis. Some loans were made in the names ofathletes who testified they knew nothing about them. The schemecost the credit union, since merged into Heritage Trust FCU, almost$700,000 in losses and defrauded several sports stars of hundredsof thousands of dollars. Lewis was sentenced to 78 months in prisonand ordered to pay $463,000 in restitution. Also banned by NCUA ina separate case, was Lois Brunson, former branch manager for CivicFCU, Rock Hill, S.C., for her conviction on forgerycharges.

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