Hawaiian CU Manager Indicted in Check Kiting Scheme

HONOLULU – The manager of tiny Prince Kuhio FCU, formerly known as Na Hui Elima FCU, was indicted by a federal grand jury last week and charged with stealing almost $100,000 through an elaborate check-floating scheme. Roselle Farias, who was responsible for closing out each teller’s cash position each day, was charged with stealing checks on 200 different occasions. She allegedly covered the scheme by making it appear the checks were being processed and delaying the daily check deposits in order to create an artificial float to explain the accounting discrepancy, by making it appear the stolen funds were in transit.

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