Member Charged in Phony Deposit Scam

GOSHEN, N.Y. – A member of Valley Central FCU was charged with stealing as much as $200,000 from the credit union through a fake deposit scheme. Corilynn Mullen, 37, allegedly made about $500,000 in fake deposits, then wrote about $200,000 of bad checks on the phony deposits. When the credit unit had the $494,000 check returned for insufficient funds, they called the police. Mullen was indicted this week by an Orange County grand jury on charges of grand larceny, forgery and falsifying business records. Mullen, who is also known as Corilynn Lorenzo, is also facing similar charges in South Carolina, and in Ulster County.

Processing Content

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