Former CU Execs Face Charges in $5 Million Internal Fraud Scheme

Former Southern Pine CU CEO and an ex-controller are scheduled to appear in a Georgia federal court in October.

By Peter Strozniak | September 20, 2023 at 04:00 PM

photo of a calculator, handcuffs, cash and a spreadsheet

A former CEO and a former controller who allegedly embezzled more than $5 million from the $36.9 million Southern Pine Credit Union in Valdosta, Ga., will face felony charges in a federal courtroom in October.

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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.

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$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.

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Sentence Handed Down in Bayer Heritage FCU Theft

By Peter Strozniak | May 09, 2024

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