Former Lockheed FCU Exec Barred by NCUA was convicted last year of embezzlement and sentenced to 41 months in prison. Callan admitted to opening corporate credit accounts at several stores under Lockheed’s name. Four other individuals, along with Callan, were cited in the NCUA’s prohibition order. Gary Foster, a former vice president in Citigroup Inc.’s treasury finance department, pleaded guilty to a bank fraud scheme that allowed him to embezzle more than $22 million from Citi.”]
Source: https://www.cuinfosecurity.com/cu-insider-linked-to-fraud-a-4065