Former Calif. CU CEO sentenced to 14 years in prison for $40 million fraud

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » The former CBS Employees Federal Credit Union President/CEO Edward Rostohar will spend 14 years in federal prison for his $40 million embezzlement that led to the financial collapse of the Los Angeles-based credit union, nearly $2 million in uninsured losses, lost jobs of long-time employees and a multi-million dollar class action lawsuit against board members.U.S. Court District Judge Otis D. Wright II in Los Angeles sentenced the 62-year-old Rostohar Monday. The former executive and NCUA examiner who managed to conceal his embezzlement scheme for two decades agreed to forfeit his ill-gotten gains, including bank accounts in his name and the names of his shell companies, luxury cars, homes in Studio City, Reno, Nev. and Mexico, expensive watches, jewelry and cash. Court documents do not estimate the total value of the properties, cars and bank accounts.“(Rostohar) has the moral culpability of someone who was willing to leave as many as 43 depositors with deep losses so that he could wear $100,000 watches, buy a new vehicle every couple of years, and impress women less than half his age with trips on private jets to international vacation resorts, Tiffany jewelry, and gambling parties,” federal prosecutors wrote in their sentencing memorandum.last_img read more

Dennis “Jay” Becker

first_imgDennis “Jay” Becker, age 63 of Batesville, died Tuesday, June 12, 2018 at MHP Medical Center in Shelbyville.  Born March 24, 1955 in Batesville, he is the son of Gloria (Nee: Skidmore) and Donald Becker.  He married Shirley Veerkamp October 24, 1987 at St. Mary’s Church in Greensburg.  He spent 35 years as Director of Radiology for Decatur County Hospital and the last five years as an ultrasound sonographer at Major Hospital in Shelbyville.He was best described as a kind hearted mentor.  Jay took a genuine interest in the lives of his family and friends, always offering encouragement and focus for life’s difficult decisions.  Those same qualities carried over to his work as well, where he was engaged with the personal well being of his patients. An accomplished cook, Jay enjoyed hosting gatherings and was in his element on the grill or at the smoker.  His family teased that the T.V. was always turned to the Food Network channel.  Other interests including playing Pinochle with friends, relaxing in the sun and following horse racing’s yearly Triple Crown run.He is survived by his wife Shirley; daughter Katie Becker of Batesville; sons Ben (Toni) Becker of Greensburg, Zach Becker of Batesville, Landon Becker of Silver Springs, Maryland, Chris Becker of Greensburg, Brad Becker of Waldron, Indiana; sisters Cindy (Dick) Feller of Batesville, Diane Holderman of Englewood, Ohio, Virginia Becker of Batesville; brother Dan (Angie) Becker of Westfield, Indiana and grandson Daxton Becker who is soon to be joined by a sister in the next few days.Visitation is Friday, June 15th, from 4 – 7 p.m. at the Weigel Funeral Home.  Funeral services are 10 a.m. Saturday, June 16th at St. Louis Church with Rev. Stan Pondo officiating.  Burial will follow in the church cemetery.  The family requests memorials to Batesville Rescue 10 Life Squad or the Alzheimer’s Association.last_img read more