Latest in CBS Employees Federal Credit Union

UPDATED, 12:17 PM: The former longtime manager of the CBS Employees Federal Credit Union, has been sentenced to 169 months — more than 14 years — in federal prison for embezzling $40 million during the past two decades. U.S. District Judge Otis D. Wright II handed down the sentence today to Edward Rostohar, 62, of…

The CBS Employees Federal Credit Union was shut down in May, two months after its longtime manager was arrested and charged with embezzling more than $40 million from it over two decades. Now, with Edward Rostohar having pled guilty and set to be sentenced next month, CBS is facing a class action by its employees to…

The longtime manager the CBS Employees Federal Credit Union has been arrested and charged with embezzling more than $40 million from his employer over the past 20 years. Edward Rostohar faces felony counts of bank fraud and aggravated identity theft. In conjunction with the arrest, the National Credit Union…