Manhattan, NY – 19 November 2018 – Disgraced former CEO of New York’s biggest federal credit union, Kam Wong, who was arrested in May of 2018 for allegations of more than $9M in fraud and embezzlement that he used for personal and luxury items and reportedly spent more than half of on lottery tickets, pleaded guilty to one count of embezzlement from a federally insured credit union, which carries a maximum penalty of 30 years in prison.
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