Firefighter Allegedly LaunderedEmbezzlement Through CU

Register now

BARTLESVILLE, Okla. - (09/27/05) - A former Bartlesville firefighter wascharged last week with stealing more than $165,000 from thefirefighters union insurance fund and laundering the theft throughhis credit union. The alleged embezzlement was uncovered by when anemployee of 66 FCU called OK FCU about a suspicious check thesuspect, Lloyd Lay, tried to deposit in his account, in the amountof $9,432. Lay had been on the union's insurance committee for 12years and was authorized to handle funds and write checks on thefund's account. Lay told authorities he used the money forgambling. He resigned from the Bartlesville Fire Department lastweek.

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