Investigating fraud and corruptioni using a magnifying glass. Source: Shutterstock.

Court documents for the first time revealed new details and allegations of widespread fraud and corruption that occurred at the $3.2 billion Municipal Credit Union and involved its CEO, at least five top executives, two supervisory committee members and 13 former board members. It led to more than $18 million in financial losses and $109 million in write-down losses.

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Fraud & Enforcement