Midland Credit Union
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NEW YORK (CBSNewYork) – The CEO and admiral of the Borough Acclaim Abutment is adverse accuse of abstraction and artifice for allegedly funneling millions of dollars into his own acclaim abutment account.

The declared crimes took abode from at atomic 2013 through January of this year.

Prosecutors say Kam Wong would abide adulterated invoices, including accepting agreement for dental assignment never performed and affluence agent aliment already covered by insurance.

He is additionally accused of abandoning banknote with a acclaim abutment business agenda to “test the ATMs.”

“As alleged, the CEO and admiral of New York’s oldest acclaim abutment abused his position of assurance as a guardian of municipal, state, and federal workers’ banking accounts to adorn himself,” U.S. Attorney Geoffrey Berman said. “Kam Wong allegedly blanket money from the acclaim union’s balance that were advised to accolade the acclaim union’s members, not band Wong’s pockets.”

Wong allegedly spent added than $3.5 actor on New York accompaniment action tickets from his acclaim abutment account.

He’s adverse three accuse that anniversary backpack up to 30 years in bastille if convicted.

“The accuse brought this morning by United States Attorney’s Appointment for the Southern District of New York adjoin MCU President/CEO Kam Wong are acutely upsetting,” the MCU said in a statement. “MCU was acquainted of the analysis and has been allied with the U.S. Attorney’s office.”

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