Former Credit Union CEO Arrested
July 28, 2009
Total Loss:
$9 million
Bernie D. Metz, the former CEO of a now failed federal credit union, has been arrested and charged with embezzling money from the institution. Court documents allege that Metz used the money to buy herself, her husband and her family numerous automobiles and to finance the building of a restaurant. NCUA liquidated the Center Valley Credit Union in February of this year and believe Metz embezzled almost $9 million from the CU over five years.
Source:
Southern Ledger
Posted in:
Internal Fraud