Credit Union CEO Charged with Embezzling $6M, Allegedly Spent Half on Lottery Tickets

Municipal Credit Union CEO, Kam Wong charged with four counts of embezzlement, fraud, wire fraud, and aggravated identity theft

New York, NY – May 8, 2018 – The head of New York’s biggest federal credit union was arrested at home by US agents on Tuesday on charges he embezzled more than $6 million — and spent more than half of it on lottery tickets.

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