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.
Read More!
More Stories
$3.3 Million for Credit Union CEO Luxury and Only $1.7 Million for 33 Employees
The Pastor, the Credit Repairmen and $460,000 in Fraudulent Auto Loans
One Employer, Hundreds of Auto Loans: The Fed Warns About Concentrated Credit Risk
They Called a Collector; They Got a Credit Repair Company Instead
The Father, the Son and a $2.26 Million Synthetic Identity Scheme
When the Borrower Is the Fraudster