Tuesday, January 7, 2014

Ohio Man Charged With Embezzling $1.8 Million From Credit Union

From the Cleveland Plain Dealer on 1/6/14:

Federal embezzlement charges were filed today against a Lakewood man accused of stealing more $1.8 million from a Euclid credit union.

William Memmer, 63, used the stolen funds to pay bills he incurred on about 15 personal credit cards, according to U.S. Attorney Steven Dettelbach.

Memmer was charged in a criminal information with embezzlement and for making false entries in credit union records and reports. Informations are usually used when the suspect is cooperating with the FBI and federal prosecutors, and intends to plead guilty to the charges.

Read the whole story here.

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