May 23 2024

Former CU Business Manager Indicted for Stealing Millions

Former CU Business Manager Indicted for Stealing Millions

Theodore Longust, former Business Relationship Manager at the $1 billion Scott Credit Union in Illinois, has been indicted on nine counts of fraud, misapplication of funds, and money laundering involving millions of dollars. This follows on the heels of a lawsuit filed against the credit union and other parties in April by former NFL star David Butz and business partner, Eugene Schill, that claimed consumer fraud and negligence. If convicted Longust could face up to 240 years in prison and restitution of $4.5 million. [11/24/15]

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?

Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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