US Consumers Credit Union 2013 Misuse (Q9369)
From Open Risk Manual
A data breach risk event
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | US Consumers Credit Union 2013 Misuse |
A data breach risk event |
Statements
31B10B02-12DA-4A3C-905C-EFBBDDA6A2E1
January 2013
0 references
A former loan officer at the $604 million ConsumersCreditUnion in Waukegan, Ill. was sentenced in federal court last week to 35 months in prison and ordered to pay restitution for a scheme that involved $1.4 million in fraudulent loans, according to the U.S. Attorneys Office in Milwaukee, Wisc. James Scalzo, 46, who also worked as a loan officer at Fox River State Bank in Burlington, Wisc., pled guilty to money-laundering and bank fraud charges earlier this year after admitting in a plea agreement that he originated and approved fraudulent loans at both FIs in 2008-2009, according to a statement from the U.S. Attorney for the Eastern District of Wisconsin. Scalva was ordered to serve three years supervised release following his prison term and to pay $200 in special assessments, the press (English)
