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Credit union liquidated as manager charged with embezzlement

Credit union liquidated as manager charged with embezzlement Photo: KSTP

March 29, 2019 09:17 PM

A credit union that serves employees of the CBS television network has been liquidated as one of its long-time managers faces charges of embezzling $40 million from the institution over a nearly 20-year period.

The U.S. Attorney's Office in Los Angeles said Friday that 62-year-old Edward Rostohar was arrested March 12 and charged in connection with embezzling money from the CBS Employees Federal Credit Union to fund a gambling habit, buy luxury cars and watches, and travel by private jet.

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Credits

Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

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