Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Paper terrorist sentenced to five years in prison
ALBANY, N.Y. (12/14/11)--An anti-government radical who bombarded a credit union and public officials in Ulster County, N.Y., with fake bills, phony property liens and inexplicable court papers, was sentenced Monday to five years in federal prison for his acts.

U.S. District Judge Thomas McAvoy told Richard Ulloa, 52, at his sentencing that he used "reckless regard and evil intention" in perpetrating the allegedly fraudulent acts (timesunion.com Dec. 13).

Ulloa's actions began in late 2008, when Mid-Hudson Valley FCU in Kingston, N.Y., began foreclosure proceedings on his home after Ulloa fell behind on his mortgage payments.

In response, Ulloa sent a "criminal complaint" to the $729.2 million asset credit union and demanded that credit union executives pay him $46 million. He subsequently filed a $2.8 billion lien against Mid-Hudson Valley CEO Bill Spearman and other credit union officials, the newspaper said.

When police wrote Ulloa traffic tickets in the county, he allegedly responded with the same tactics, filing bogus bills and liens against police officers, judges--and later on--against county government officials, the paper said.

Ulloa was ordered to make $63,401 in restitution to the credit union and Ulster County.


RSS print
News Now LiveWire
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
57 minutes ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
1 hours ago
#NewsNow New league award honors Commitment to Cooperation http://t.co/OPt97flShn
2 hours ago
.@Fiserv renews $250K benefactor commitment to @fileneresearch #NewsNow #System http://t.co/tRrfmLNv0n
3 hours ago
#NewsNow Debit card use wanes due to security fears http://t.co/RK6WolpxpT
4 hours ago