Credit Union Commits a Costly Mistake
Ft. Worth City Credit Union thought it had a clear cut case when it discovered $500 missing from a member’s account. The credit union believed another member, Mike Martinez, a law enforcement officer, had fraudulently withdrawn the funds. Martinez was arrested and fired from his job. Unfortunately, the credit union later discovered the withdrawal was due to a clerical error. Martinez, who has been reinstated, is now suing the credit union and two executives for $1 million. [3/6]