Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Computer consultant sentenced stole 2M from four CUs
PROVO, Utah (4/30/10)--A Provo, Utah, consultant who worked as a third-party consultant for a computer systems company was sentenced Tuesday to nearly five years in a federal prison for stealing nearly $2 million from four credit unions. Zeldon Thomas Morris, 42, who owned a controlling interest in Provo-based Lee & Morris, pleaded not guilty to one count of bank fraud. He was charged with the fraud based on using passwords provided to him in his computer system consultant position to access the credit unions' accounts (Daily Herald April 28 and April 8 and Deseret News April 10). The credit unions are Family First FCU and Alpine CU, both of Orem; Deseret First CU, Salt Lake City; and First CU. Morris was hired as an outside contractor by the Orem office of Open Solutions Inc. His business partner discovered discrepancies in the Lee & Morris accounts in October. 2008, said Daily Herald. Morris also will be on supervised release for five years after serving his term, and he was ordered to forfeit property and pay $1.8 million in restitution.


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
1 Day ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
37 minutes ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
2 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
4 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
4 hours ago