Once Again, Proof That Crime Really Doesn’t Pay!
Former assistant manager and Treasurer, William Memmer, of the failed $15.5 million G.I.C. FCU was sentenced to seven years in prison and ordered to pay $7 million in restitution for embezzlement and fraud. Over a course of years, Memmer used blank credit union checks to pay off over $2 million in personal credit card debt he accumulated on 15 different credit card accounts. [5/30]