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Federal law enforcement authorities in New York said Wednesday they arrested two men who allegedly led a scheme to exploit the shared branch network by coordinating more than 200 fraudulent transactions, stealing in excess of $900,000 from credit unions throughout the nation.
According to the Dec. 5 indictment, court filings and statements made by prosecutors in federal court, beginning in December 2021, Oluwaseun Adekoya, 38, of Newark, N.J., and David Daniyan, 59, of Brooklyn, N.Y., obtained the personal identifying information of scores of individuals who bank at credit unions and are members of the shared branch network.
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