Credit Union Manager Charged With Bank Fraud and Identity Theft for Stealing $40 Million From Employer

Credit Union Manager Charged With Bank Fraud and Identity Theft for Stealing $40 Million From Employer
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After allegedly embezzling $40 million from his company over two decades, a manager at a Credit Union in California was arrested and charged with bank fraud and aggravated identity theft.

The 62-year-old manager of CBS Employees Federal Credit Union, Edward Martin Rostohar is accused of spending the money on gambling, expensive watches and cars, and the use of a private jet.

Jeremy Sandberg
Jeremy Sandberg
reporter
Jeremy Sandberg is a New York based reporter originally from British Columbia, Canada. He focuses on Wall Street and other business news.
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