Ex-Employee Guilty In FraudScheme

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FORT WAYNE, Ind. - (02/07/05) -- A former employee at Peoples andEmployees FCU pleaded guilty Friday to using false information toobtain credit and loans worth as much as $600,000 from the creditunion. Carnelle Rutledge, 31, pleaded guilty to seven counts ofaiding and abetting in bank fraud and faces up to 30 years inprison when sentenced May 2. Rutledge admitted to using a falsename, Social Security number and address to obtain loans whileworking at the credit union between Feb. 2003 and June 2004. Almostall of the loan exceed $100,000.

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