New Haven County Credit Union CEO cooked the CU books to keep struggling restaurant afloat.
EAST HAVEN, CT — Former CEO James Farrell, 55, was sentenced to serve one day in prison for defrauding the credit union he led, prosecutors announced late Tuesday. Farrell, of East Haven, was also given two years of supervised release and 50 hours of community service for defrauding the New Haven County Credit Union.
More Stories
Auto Lending Accelerates as Borrower Credit Quality Slips
After the Repo: When Does a Credit Union Finally Admit the Loss?
Auto Lending Is Moving Down the Credit Risk Ladder – Collections and Repo May Follow
Holmes Motors to Pay $137,000 Over Alleged Violations of Servicemembers’ Vehicle Lease Rights
Credit Unions Can Now Share More Fraud Intelligence Than Ever Before
Feds Charge 83-Year-Old Woman in Alleged $10 Million Auto Lending Ponzi Scheme