Former CU Manager Confesses ToFraud
NEW PHILADELPHIA, Ohio - (07/17/06) The ex-president of Eastern CUadmitted to embezzling more than $100,000 from the $4.5 millioncredit union in a phony loan scam. Dawn Smith-Wisnieski apparentlysiphoned the funds by creating nine fictitious loans between 2003and 2005. The former manager used either phony names or those ofnon-active members. Some of the loan proceeds were used to paypersonal expenses.