Family And Friends Recruited For PhonyLoans

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BATON ROUGE, La. - (02/17/05) – Two employees at LouisianaState University were charged will selling fraudulent loans. BrendaHayes is accused of recruiting family members and friends toillegally obtain loans from Campus FCU. She allegedly sent herrecruits to 27-year-old Tyra Guthrie, a loan officer at the creditunion, who was charged with processing the loans. The two allegedlyfalsified employment documents to qualify their friends for theloans in exchange for commissions. As many as two dozen othersuspects are expected to be charged in the scheme.

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