Credit Union CEO Charged With Embezzlement Allegedly Blew Millions On Lotto Tickets

For at least the past five years, the oldest credit union in New York State has been defrauded by its CEO and President, who embezzled over $6 million dollars from the institution, prosecutors allege. Municipal Credit Union CEO Kam Wong, 62, was arrested this morning by federal agents on charges of embezzlement, bank fraud, wire fraud, and identity theft. [ more › ]

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