Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System brief (04/12/2012)
  • TALLAHASSEE, Fla. (4/13/12)--A U.S. Court of Appeals for the Eleventh Circuit in Tallahassee, Fla., Tuesday upheld the convictions  and sentences of a former credit union CEO and a former Florida A&M University policy institute director on charges of embezzling $134,000 in grant funds from U.S. Department of Housing and Urban Development (HUD) that were administered by A&M University FCU (leagle.com April 10). The court denied the appeals of Eugene Telfair, who was president of the Tallahasse-based credit union, and co-defendant Robert Nixon.  The court said the evidence was sufficient for a reasonable jury to conclude that the two men knowing and willingly conspired to steal, and actually did steal, the grant funds through a wire scheme. The fraudulent contracts occurred between 2004 and 2008 …


RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
2 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
4 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
6 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
6 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
7 hours ago