News

1 min read

Former Long Island Credit Union COO Arrested for Embezzlement

September 20, 2018 Cucolle1

Defendant Allegedly Stole $465,172 from the Winthrop University Hospital Federal Credit Union to Fund...

1 min read

CU Teller Wanted for Embezzlement – Replaced Real Money with Fake Bills

September 20, 2018 Cucolle1

Danville, VA – 20 September 2018 – A Head Teller and ten-year employee of...

1 min read

Another FL Credit Union Employee Pleads Guilty to Bank Fraud Conspiracy

September 18, 2018 Cucolle1

No, this is a totally different one! What is going on with credit unions...

1 min read

Credit Union Employee Arrested on Loan Fraud and Forgery Charges

September 18, 2018 Cucolle1

Tallahassee, FL – 18 September 2018 – A former employee at Gulf Winds Credit Union...

1 min read

Broker Sentenced to Prison for Defrauding Banks in $3.5 Million ‘Shotgun’ Loan Scheme

September 14, 2018 Cucolle1

Newark, NJ – 13 September 2018 – A New York real estate broker and...

1 min read

Credit Union Employee Arrested for $5.4M Theft

September 12, 2018 Cucolle1

Jacksonville, FL – 12 September 2018 – A Florida man is accused of using...

1 min read

CU Credit Cards Used in $1M Luxury Rental Car Theft Ring

September 10, 2018 Cucolle1

$1.3M in Vehicles Stolen, 10 Others Wanted Jacksonville, FL – 7 September 2018 –...

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Dealership Fined $2M in Loan Fraud Fines

September 5, 2018 Cucolle1

Erie, PA – 3 September 2018 – A Pennsylvania dealership has agreed to pay...

1 min read

Another Auto Consignment Lot Fraud Lawsuit

September 4, 2018 Cucolle1

Selling a car has always been a pain, but using a consignment lot to...

1 min read

Dealer Sued for Fraud and Allegedly Withholding Borrowers Payments

August 31, 2018 Cucolle1

Fort Mill, SC – 30 August 2018 – Some dealers work by having customers pay...

1 min read

New CA Law to Impose Strict Notice Requirements on Debt Collectors

August 29, 2018 Cucolle1

Sacramento, CA – 28 August 2018 – On August 22nd, the California state legislature...

1 min read

ATM Cashout Fraud Ring Swipes $13M

August 21, 2018 Cucolle1

21 August 2018 – On Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI...

1 min read

Man Arrested for $1.3M in Credit Card and Auto Subleasing Scams

August 17, 2018 Cucolle1

Jacksonville, FL – 16 August 2018 – A man was arrested Thursday in connection...

9 min read

Auto Loan Delinquency Rising, But Mostly in Subprime Borrowers

August 17, 2018 Cucolle1

Steady increases in U.S. auto debt over the past seven years have raised concerns...

1 min read

Three More Charged in East Coast Loan Fraud Ring

August 16, 2018 Cucolle1

Providence, RI – 16 August 2018 – United States Attorney Stephen G. Dambruch announced federal...

1 min read

New Proposed Military Lending Act Expands into Collections Activities

August 14, 2018 Cucolle1

Washington, DC – 14 August 2018 – On August 1, 2018, Sen. Bill Nelson...

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GA Settles with Pawn Title Lender Over Unlawful Collections Practices

August 14, 2018 Cucolle1

Atlanta, GA – 13 August 2018 – Attorney General Chris Carr announced Monday that...

1 min read

FBI Warns of ‘Unlimited’ ATM Cashout Blitz

August 13, 2018 Cucolle1

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to...