Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System brief (07/12/2011)
BALLSTON SPA, N.Y. (7/13/11)--Jason LaPierre, 36, of Kingsbury, N.Y., has been sentenced to three to nine years in prison for embezzling more than $400,000 while employed at the Hudson River Community CU in Corinth, N.Y. LaPierre--who was a pastor as well as a former human resources and marketing employee at the $155.8 million asset credit union--pleaded guilty in May to second-degree grand larceny. LaPierre stole the funds over four years by forging about 300 cashier's checks from the credit union and depositing them into his personal accounts at another institution. He took about $100,000 a year and used the money for groceries, dinners and entertainment for his family of eight. He also was ordered to make restitution. The fraud was discovered after an auditor was called in to investigate complaints from vendors that they had not been paid (The Daily Gazette July 12 and Associated Press Newswires July 11) …


RSS





print
News Now LiveWire
#NewsNow: @CUNA-CFA survey results suggest 3-3.5% increase in holiday spending. http://t.co/GjcDvvwfzy
9 hours ago
.@WOCCU promoted financial inclusion as a sustainable development goal at two separate @UN events this month.
11 hours ago
Colo. authorities OK first-ever #marijuana-focused CU #NewsNow http://t.co/77qj6O3bcu
11 hours ago
.@Vancity busts some Black Friday retail myths http://t.co/q8Wht3CcRc
11 hours ago
Things get hairy at #creditunions during #Movember http://t.co/Hc6tYRMSY8
13 hours ago