Investigating documents for fraud and corruption Source: Shutterstock.

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

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