Former Member Sues NCUA and Three Former Board Members and Former CEO
A former member of Borinquen FCU is suing the NCUA, three former board members, the former CEO, (the former CEO and one of the board members are now in federal prison for embezzlement), 10 other unnamed individuals and, inexplicably, the FDIC for conspiring to cause the credit union’s failure or, in the alternative, for doing nothing to prevent the failure. [4/28/15]