September 16 2024

CEO Sued By Former Credit Union for Treating His Corporate Expense Account as His Personal Checking Account

Go to this article

Former CEO, Kenneth Williams, of $268 million Infinity FCU was fired after 30 years when an audit found substantial evidence of his use of corporate funds for personal use. The credit union is now suing him stating that his $66,000 in charges in the past two years on his corporate credit card among other expenses constitutes conversion, unjust enrichment, breach of fiduciary duty and fraud. Williams claims that the action is in retaliation for an age discrimination claim he filed prior to his dismissal. [12/6]

« Risk InboX home

Risk Watch Plus Webinar 8: Complaint Management

Complaints: Why you shouldn’t shun them, but invite them! In this era of exploding complaint volume, this certificated webinar (see instructions in video for how to get your free certificate of completion) takes a look at the risks, evolution, and need for a management strategy to effectively deal with complaints. Before that, we cover what’s hot in compliance, as seen by the editors of Risk InboX. This week’s hot items: 1) HUD cancels Obama era Fair Housing rule; 2) “HMDA” for boards and management; and 3) CFPB has added a new dimension to its complaint database. Click here to watch now.

What is the AffirmX Platform?
Video What makes the patented AffirmX Risk Intel Platform different than anything else out there? Take the next 3 minutes to see what this revolutionary tool can do for your financial institution. Watch Video

About Risk InboX

Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

We welcome your input. Contact us here.

Subscribe above to have a daily digest sent to your inbox. You may unsubscribe at any time.

Subscribe

Sign Up Today!

* required

*







*



Email & Social Media Marketing by VerticalResponse