Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System Briefs (11/11/2010)
* TALLAHASSEE, Fla. (11/12/10)--The trial of Eugene Telfair and Robert Nixon began Monday morning in U.S. District Court in Tallahassee, Fla. (Tallahassee Democrat Nov. 8). Telfair, a former credit union president at FAMU FCU, Tallahassee, and Nixon, the former director of Florida A&M University Institute on Urban Policy and Commerce--pleaded not guilty July 8 to stealing federal grant funds from the university (Tallahassee Democrat July 8). Nixon and Telfair were indicted July 7 on charges of conspiracy, theft from an organization receiving federal funds and embezzlement of funds instructed to a federally insured credit union. About $134,253 was stolen, said the U.S. Attorney’s Office (News Now July 9). In the opening day of testimony Monday, the credit union’s outside auditor said she found discrepancies in a grant account administered by the men, said the newspaper. Auditor Holly Hursey also testified that she found inconsistencies in financial documents, some of which were approved by Patricia Walker McGill, the former director of FAMU’s Institute on Urban Policy and Commerce, who in 2008 pleaded guilty to embezzling funds from federal grant programs …


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
1 Day ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago