Security at the Sleepy Hollow home of Leigh Bridges just got much cheaper.
The National Credit Union Administration Board attempted to get a trusteeship over the home in federal court. Bridges is the former CEO of the Jackson Area Federal Credit Union. She and her husband stand accused of embezzling tens of millions of dollars from the credit union. National sued the couple in U.S. District Court in May.
U.S. District Judge Daniel P. Jordan, III froze all assets, including the Bridges' Sleepy Hollow home in Eastover. The home is worth over $2 million. The Bridges moved out of the home at the plaintiff's request. However, the Bridges did not provide the security codes and Ring camera access to National.
National obtained insurance on the home through Lloyd's of London. The insurer required National to have 24/7 on-site security. The plaintiff stated in court filings it was paying $3,600 a day for security and spent $225,000 on the service as of August 20. The Bridges protested in court, calling the expense wasteful.
The National Credit Union Administration Board notified the Court today it obtained security service for the home at a much cheaper rate of $600 per day ($25/hr).
It was a rather curious expense as the funds were being paid by the credit union. The Jackson Area Federal Credit Union reported a $103 million loss in July. The embezzlement played no small part in the loss.
1 comment:
Just add the security charge to what the bridges already owe
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