A credit union set up to serve employees of CBS was shuttered last week after its manager was accused of embezzling $40 million over 20 years, according to reports. The suspect, identified as Edward Martin Rostohar, 62, was a 30-year employee of the Studio City, Calif.-based credit union, reports said. MISSOURI MAN ROBS CREDIT UNION LESS THAN AN HOUR AFTER RELEASE FROM CUSTODY: POLICEProsecutors say Rostohar, as manager, made online payments to himself from his employer or forged a fellow employee’s signature on checks made out to him. The information was later confirmed by the National Credit Union Administration, authorities said. Prosecutors said the accounts of CBS employees were taken over from the shuttered credit union and assumed by University Credit Union of Los Angeles.

Source: Fox News March 31, 2019 07:52 UTC