Loan fraud hits big credit unions, banks

A North Carolina man and woman and a former New Jersey man stole more than $1 million in auto loans from some of the nation’s largest credit unions and banks, according to court documents filed by federal prosecutors last week in U.S. District Court in Charlotte, N.C.

In addition, one of the three accused suspects also stole up to $1.5 million in home equity lines of credit from three credit unions.

From 2012 to 2015, Kimberlie L. Flemings, 49 and Stanley Reginald Barron, 37, both of North Carolina, and Brian Lyles, 46, of New Jersey, submitted dozens of fake online loan applications to 15 credit unions and three banks to buy used cars in their names and in the names of about 30 other people.

The victimized credit unions included in the court documents are the $90 billion Navy FCU in Vienna, Va., the $22 billion Pentagon FCU in Tysons Corner, Va., the $37 billion State Employees CU in Raleigh, N.C., the $9.6 billion Aliant Federal Credit Union in Chicago, Ill., the $8.2 billion Digital FCU in Marlborough, Mass., the $6 billion Patelco CU in Pleasanton, Calif., the $2.9 billion Affinity FCU in Basking Ridge, N.J., the $2.2 billion NASA FCU in Upper Marlboro, Md., the $2.1 billion Chartway FCU in Virginia Beach City, Va., the $1.3 billion USAlliance FCU in Rye, N.Y., the $410 million McGraw-Hill FCU in East Windsor, N.J., the $387 million Air Force FCU in San Antonio, Texas, the $356 million Garden Savings FCU in Parsippany, N.J., the $344 million Credit Union of New Jersey in Ewing, and the $221 million Atlantic FCU in Kenilworth, N.J.

 

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