
Two Virginia CEOs Sentenced for Embezzlement
Maybe it’s something in the water? Two former CEOs were sentenced on the same day in the same U.S. district court for embezzling funds from their Virginia credit unions. The former CEO in the most egregious case was sentenced to 10 years in federal prison and ordered to pay $11.7 million in restitution as a result of a pyramid scheme based on fraudulent loans. [7/10/15