Monday, April 6, 2009

Update: Former Michigan Credit Union Manager Sentenced To Nearly 4 Years For $1.3 Million Embezzlement

Ronald Alan Tran, 45, of Plainwell, Michigan and the former general manager of Plainwell Community Federal Credit Union, was sentenced to 46 months in prison, plus restitution for embezzling some $1.3 million from the financial institution. Tran's scheme involved transferring funds from client accounts into his own accounts during the period from August 2000 to March 2004. He was indicted last October on 10 felony counts of bank fraud, embezzlement and money laundering. Last November, Tran plead guilty.

Read FraudTalk's original post on this story here.

Read the story here and here.

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