Conspirator From Gang of Eight Admits to Targeting Credit Union Shared Branching Network

Victor Barriera and seven others steal nearly $1 million from credit unions throughout the nation.

By Peter Strozniak | April 30, 2024 at 02:00 PM

Victor Barriera was the first of eight persons to admit in federal court that he was involved in a national fraud conspiracy ring that targeted the credit union shared branching network, the U.S. Attorney's Office for the Northern District in Albany, N.Y., said last week.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
Exclusive discounts on ALM and CU Times events.
Access to other award-winning ALM websites including Law.com and GlobeSt.com.

NOT FOR REPRINT

Fraud & Enforcement

1 Credit Unions in Seven States Name New CEOs

2 Member Sues California Credit Union Over Return Deposit Item Fee

3 Overdraft Fees Now in CU Call Reports Reveal Declining Trend

4 17 Credit Union Professionals Elevate Their Careers

5 2024 Trends & Opportunities in Executive Compensation

Consulting
Consulting Top Consultants 2024
June 27, 2024 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Consulting
Consulting Best Firms to Work For 2024
September 12, 2024 - New York

Consulting Magazine identifies the best firms to work for in the consulting profession.
More Information

Former Credit Union Employee Sentenced in $2 Million Wire Fraud Scheme

By Peter Strozniak | May 17, 2024

Jose Prado-Valero receives more than $100,000 in cash kickbacks from remote co-conspirators.

Former Credit Union Employee Sentenced in $2 Million Wire Fraud Scheme

$3.4 Million Fraud Victimizes Alabama's Largest Credit Union

By Peter Strozniak | May 16, 2024

Eighteen persons are arrested and charged with theft, and arrest warrants are issued for five other individuals.

$3.4 Million Fraud Victimizes Alabama's Largest Credit Union

Sentence Handed Down in Bayer Heritage FCU Theft

By Peter Strozniak | May 09, 2024

Brandon Watkins uses member account numbers and personal information to access their funds via ITMs.

Sentence Handed Down in Bayer Heritage FCU Theft

Check Fraud Mitigation: Capabilities to Protect Your Credit Union link

White Paper

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /