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Wednesday, may 29
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Wednesday, may 29
Tag:
Kam Wong
News
Former CEO From LI Sentenced For Multimillion-Dollar Embezzlement Scheme
A Long Island man who was the former CEO of Municipal Credit Union will spend time behind bars for defrauding and embezzling nearly $10 million during his time at the helm of the non-profit institution. Kam Wong, of Valley Stream, has been sentenced to 66 months in prison after pleading guilty to embezzlement from a federally insured credit union before U.S. District Judge John G. Koeltl, who imposed his sentence this week. Beginning in 2007 and lasting through his arrest in May 2018, Wong was the CEO and president of the Municipal Credit Union (MCU), which has its headquarters in Manhatta…
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