Missing CU Funds Probed

LAKE CHARLES, La. - (11/16/05) -- The FBI is investigating the theftof as much as $480,000 from McNeese FCU they believe was taken by along-time employee. The suspect is a former teller who is believedto have misappropriated the money over an eight-year period. Theex-teller reportedly confessed to an elaborate scheme by which shetook funds from member accounts, then shifted funds betweenaccounts to hide the theft. The suspect has not been charged yet,authorities said.

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