A Scranton, Pa. woman was indicted Tuesday on bank fraud and theft charges for allegedly stealing more than $25,000 from the $196 million Tobyhanna Federal Credit Union in Scranton.
Federal prosecutors charged that Farah Laurent used a Tobyhanna-issued Visa card to make fictitious payments through closed or invalid account numbers from HSBC bank accounts.
Laurent made telephone payments from the HSBC accounts knowing that those payments afforded her additional time to use her Visa credit card before the credit union was able to detect the fraud, according to court documents.
Prosecutor said the fraud scheme occurred from May 1, 2010 to July 31, 2010.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
