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A rare antitrust lawsuit alleged an Ohio credit union participated in an illegal and price-fixing scheme with a Baltimore, Md., title company that yielded hundreds of thousands of dollars that were laundered through third-party marketing companies to conceal the fraud from borrowers, auditors and regulators.
But Michael Y. Kieval, a Washington, D.C.-based attorney representing the $151 million Emery Federal Credit Union in Cincinnati, countered the 134-page lawsuit is nothing more than a shake down, and that the civil complaint is replete with sham allegations, mischaracterizations and deliberately provocative language clearly designed to convey a conspiracy that did not exist.
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