Teller Banned for Worldwide Money Laundering Scheme

ALEXANDRIA, Va. – A former teller at Hudson Valley FCU was barred from the credit union industry for a worldwide Internet money laundering scheme he used to disguise his theft of almost $100,000 from a member’s account, NCUA said yesterday. Twenty-year-old Christopher Renzo, was convicted in April of grand larceny for siphoning $98,005 from a member’s account, then transferring the money to banks in China, France and Spain before converting it into electronic money orders. He then had the funds deposited into his own account.

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