Advertisement

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.

Advertisement

Connect with KSTP


Join the conversation on our social media platforms. Share your comments on our Facebook, Instagram, and Twitter pages.

Credits

Associated Press

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

Advertisement

Police investigating case of missing man as homicide

Overwhelming interest in suicide prevention training in Minnesota's agricultural communities

At debate, Democrats agree that Trump should be impeached

Hennepin County Sheriff's Office taking new focus on its employees' mental health

St. Paul mayor proposes over $1M in public safety investments

Youth football teams eliminated from championship game due to parent, coach altercation

Advertisement