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A police investigation of a $100,000 ID theft ring that allegedly involved a former employee of the $8 billion Broadview Federal Credit Union (formerly SEFCU) in Albany, N.Y., has been turned over to federal prosecutors.
James Rexford, deputy police chief for the Bethlehem Police Department, confirmed last week that the case has been forwarded to the U.S. Attorney's office for the Northern District of New York in Albany due to the nature and scope of the alleged fraud.
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The former Broadview FCU teller, Caeshara J. Cannon, 34, of Watervliet, has been charged with four felonies, grand larceny, identity theft, possession of forged instrument and falsifying business records, police said.
Three other individuals were also arrested and charged.
The suspects were going to Broadview branches and using fraudulent documents to steal money from accounts and open loans using identities of credit union members reportedly supplied by Cannon.
Deputy Police Chief Rexford also confirmed that after those arrests, three additional victims came forward to police investigators, which added $19,000 to what had been allegedly stolen by the fraud ring.
The U.S. Attorney's office for the Northern District of New York did not respond to CU Times' request for comment.
An investigation was launched when BPD officers responded to check on a person at a Broadview branch in Slingerlands, N.Y., who was attempting to withdraw $20,000 from a member's account using a fake ID. Officers arrested the suspect and an accomplice.
Bethlehem, N.Y., police detectives, with the assistance of SEFCU Fraud Prevention, identified additional suspects including Cannon, who worked at the Glenmont branch, which is more than six miles west of the Slingerlands branch in the Albany metro area.
During one of the warrant executions to arrest the suspects, an illegal handgun was recovered, which belonged to Cannon, police said.
An investigation by the Albany County Sheriff's Department reportedly found that the handgun had been defaced in an effort to remove the weapon's serial number and that Cannon did not have a permit for the gun. Additional felony and misdemeanor charges of criminal possession of a weapon were brought against the former credit union employee by the Albany County Sheriff's Department, Deputy Police Chief Rexford said.
In the Town of Bethlehem court, Cannon was arraigned on her felony charges. Also arraigned on grand larceny, ID theft, falsifying business records and other charges were Davon T. Parsons, 19, of Albany; Evan E. Cutler, 23, of Menands; and Dnauticah Taylor-Sherman, 20, also of Menands.
Although SEFCU merged with CAP COM Federal Credit Union in August, both credit unions currently operate under their brand names as a division of Broadview Federal Credit Union. The name change to Broadview is expected to occur after the integration process is completed.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
