There is not much news to report in the $95 million Jackson Area Federal Credit Union scandal but it appears any hopes for a default judgment disappeared last week.
Attorneys Billy Quinn, Sean Guy, and Thomas McCraney, III entered appearances for Chad Bridges last week. The answer to the credit uinion's complaint is due so it appears we are going to get a court fight after all.
14 comments:
throw the bums in jail
This is why I don’t use credit unions no accountability! CEO of credit unions use the depositors money as their piggy bank! No one has been charged either yet you try to rob a credit union you immediately goto jail
Stay alway from credit unions they are not safe! Use a bank
The idiots are babbling about credit unions. The overseer is the accused crook.
The chicken littles screaming don’t use any company, they are all crooks. WorldCom, Enron, lions and tigers and bears, oh my. No individual lost money.
Some people can’t resist the temptation to post a comment, even when they are completely uninformed on the subject, but credit unions are as safe or safer than banks. Never take financial advice from someone who struggles with basic sentence structure.
Not sure they can help this guy but those are good lawyers.
Those aren’t cheap lawyers!! Are they using the stolen funds to pay them? Are they just representing him and he is going to plead ignorance about his wife’s actions? He must be bailing on her and saving his own ass! No children involved so he has nothing to lose.
I heard thru a slip up Bloomingdale’s Consignment Shop has already received items from the thugs and is selling them. FEDS MIGHT WATCH SOCIAL MEDIA!!!!
No they are not safe ! Former credit union manager Centra credit union stole $300,000 from elderly depositors! She was sentenced to 3 years in prison.
Why do people steal from credit unions, you ask.
Because that's where the money is.
It will be awhile before any prosecuting takes place. The Fibbies first have to complete a forensic accounting and that will take months. It took the Feds over a year to indict the News and John Davis after Shad and Jody did. Of course, the Feds might be holding back to give the CU a chance to recover as much as it can. Once the criminal case starts, all civil litigation is usually frozen.
Bunch of limp-wristed liberal crybabies, just use a bank instead of a credit union. Maybe they will let you take out a loan to seek treatment for your TDS. Once all TDS is cured in America we can purge all the shit and get our country back on track.
Stockholders lost money.
Has any securing of what money can be found occurred yet?
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