Not Guilty Plea for Former CU CEO in $40 Million Fraud Case

Edward Rostohar is charged with bank fraud and aggravated identify theft.

By Peter Strozniak | April 19, 2019 at 02:06 PM

United States Court House in Los Angeles

Former CEO Edward Rostohar, who told federal investigators that he embezzled more than $40 million from the CBS Employees Federal Credit Union, pleaded not guilty to two felony charges during an arraignment hearing in U.S. District Court in Los Angeles Thursday.

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