Former MCU CEO Gets 5 1/2 Years

Chief Newspaper: Former MCU CEO Wong Sentenced To 5½ Years for Embezzling $10M

“The issue of just how much damage was never actually answered despite Judge Koeltl asking Federal prosecutors twice during the proceeding whether the decision by Albany banking regulators last month to seize the MCU and turn it over to the National Credit Union Administration for conservatorship was due to management issues or “questions of its financial stability.”

Crain’s NY Business: City credit union’s ex-CEO sentenced for embezzling $10M