Three former employees of the $13.8 million Lynrocten Federal Credit Union have been accused of loan participation fraud in a $1.7 million civil lawsuit.
Former manager Linda Susan Newcomb and employees Teresa Humphries and Becky Nichols are named as defendants in the suit filed by the $20 million Northern Piedmont Federal Credit Union of Culpeper, Va.
According to court documents, Northern Piedmont wired more than $3 million to Lynrocten from 2009 to 2011 and entered into agreements based on fraudulent misrepresentations.
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