Credit Union CEO Credited with Shutting Down CBS Credit Union
Longtime CEO of the CBS Employee Credit Union, Edward Rostohar, was sentenced to 14 years in prison for embezzling 40 million dollars over a 20-year period. Rostohar left the credit union insolvent, and it was absorbed by University Credit Union, which took over all 2,800 accounts. Rostohar claimed that most of the money was either […]
With a Middle Name Like Prosper…
A Nigerian national living in Missouri was sentenced to four years and three months in prison without parole for filing false tax returns and for his part in various Internet scams that defrauded victims. Segun Prosper Otaru, 27, was ordered to pay $26,056 in restitution and the same amount to the government. He entered the […]
Scammers’ Target Gets Target to Help Catch Them
Two Los Angeles women, Ailing Lu and Ji Hyun Lee, both 25, are in jail and facing criminal charges as a result of an IRS scam that netted them thousands of dollars. The women were caught after one of their victims reported the fraud to the police. The victim said he received a call from […]