Former Federal Deposit Insurance Corp. employee Charles Scroggins has been charged with embezzling more than $390,000 from thrift pension plans in Texas and Oklahoma, the government said Friday.

The FDIC became the receiver and trustee of the pension funds after several thrifts failed in the two states during the early 1990s. According to the suit, filed Sept. 22 in U.S. District Court for the Northern District of Texas, the former FDIC liquidation specialist bought a home and a luxury automobile with the embezzled funds.

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