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Former Credit Union President Pleads Guilty To Fixing The Books

Friday, September 27, 2013 - 5:52 AM
This is an example how an official from a small credit union can make it look like the credit union is in better shape than it really is. From Credit Union Times:
Assistant U.S. Attorney Tiffany H. Lee, who is handling the case, said Harabin, who was president and manager of Telco in 2008, changed the due dates and entered false payments to conceal from examiners the fact that 75% of the credit union’s 179 loans were delinquent.

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Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
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