Wednesday, May 9, 2018

CEO of New York's Oldest Credit Union Faces Fraud and Embezzlement Charges

The CEO and president of the oldest New York credit union is facing charges in connection to embezzling money, which he allegedly used to buy millions of dollars worth of lottery tickets, among other things, authorities say.

From at least 2013 to January 2018, Kam Wong engaged in a long-running scheme to obtain money that he wasn’t entitled to from the credit union for which he served as chief executive officer and president, according to the U.S. Attorney of the Southern District of New York Geoffrey S. Berman.

Click here for the full article.

Source: NBC News 4 New York

No comments: