{"id":51191,"date":"2026-09-16T09:15:54","date_gmt":"2026-09-16T09:15:54","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=51191"},"modified":"2026-09-16T09:15:54","modified_gmt":"2026-09-16T09:15:54","slug":"kansas-credit-union-loan-officer-embezzles-171000-with-fake-member-loans","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=51191","title":{"rendered":"Kansas Credit Union Loan Officer Embezzles $171,000 With Fake Member Loans"},"content":{"rendered":"

\"\"<\/p>\n

A Kansas credit union loan officer has admitted to stealing more than $171,000 from his employer.<\/p>\n

The DOJ says<\/a> Ricky Naovoravong, 39, of Garden City pleaded guilty to embezzlement by a credit union employee and was sentenced to 19 months in prison plus $207,920 in restitution.<\/p>\n

Naovoravong worked as a loan officer at Garden City Teachers Federal Credit Union when a manager spotted a transfer from a member\u2019s savings into his checking account in August 2024.<\/p>\n

Investigators say he created a $5,000 loan in that member\u2019s name, then used the victim\u2019s account to make payments that landed in his own account.<\/p>\n

He then kept inventing new fake loans to service older ones so members would not get notices.<\/p>\n

The scheme stole $171,164 between November 2020 and August 2024, according to the case.<\/p>\n

Says U.S. Attorney Ryan A. Kriegshauser,<\/p>\n

\u201cBanks and credit unions collect people\u2019s personal information because it\u2019s a requirement of doing business. <\/em><\/p>\n

When employees with access to sensitive information use it to commit fraud, embezzlement, or other types of financial crimes, they will eventually get caught. When they are exposed, they\u2019ll have to face the justice system.\u201d<\/em><\/p>\n

Naovoravong has been sentenced to 19 months in prison<\/p>\n

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The post Kansas Credit Union Loan Officer Embezzles $171,000 With Fake Member Loans<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A Kansas credit union loan officer has admitted to stealing more than $171,000 from his employer. The DOJ says Ricky Naovoravong, 39, of Garden City pleaded guilty to embezzlement by a credit union employee and was sentenced to 19 months in prison plus $207,920 in restitution. Naovoravong worked as a loan officer at Garden City […]<\/p>\n","protected":false},"author":1,"featured_media":51192,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-51191","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nKansas Credit Union Loan Officer Embezzles $171,000 With Fake Member Loans - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=51191\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas Credit Union Loan Officer Embezzles $171,000 With Fake Member Loans - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A Kansas credit union loan officer has admitted to stealing more than $171,000 from his employer. 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