Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Ex-Central Valley FCU CEO charged in 1M embezzlement
WHEELING, W.Va. (7/22/09)--A former credit union CEO was arrested Tuesday on federal charges of embezzlement from a West Virginia-based credit union. Bernie D. Metz, 56, former CEO of the now-defunct Wheeling, W.Va.-based Center Valley FCU, is accused of embezzling more than $1 million from the credit union, said U.S. Attorney Sharon L. Potter (WTOV9.com July 21). Metz's residence, three bank accounts and six vehicles were seized by authorities in an ongoing investigation into the failure of the credit union. Metz allegedly misappropriated money from Center Valley and diverted the embezzled funds to benefit herself, her husband, her children and companies that she and her husband controlled, according to information filed in the criminal complaint. Metz was released on bond, pending further court proceedings after appearing Tuesday before Magistrate Judge James E. Seibert. Charges in the criminal complaint carry a maximum penalty of 30 years in prison and a fine of $1 million.


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
12 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
13 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
14 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
15 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
15 hours ago