NewsLocal News

Actions

Former Credit Union Lending Director pleads guilty to bank fraud, identify theft charges

The sentencing hearing is scheduled for Aug.22
Posted: 9:19 AM, Apr 25, 2019
Updated: 2019-04-25 13:49:53Z
fraud

TALLAHASSEE, Fla. (WTXL) — A former FSU Credit Union lending director has pled guilty to over 20 counts of bank fraud and identify theft related charges.

According to documents, Kevin Robert Lee, 35, pleaded guilty Wednesday afternoon to 20 counts of bank fraud, aggravated identity theft, theft from a lending institution, and three counts of filing a false tax return.

The guilty plea was announced by the United States Attorney for the Northern District of Florida.

Documents say between June 2014 and November 2017, Lee was the lending director of FSU Credit Union. In addition, he also served as treasurer of the Tallahassee Chapter of Credit Unions.

In 2014, Lee allegedly used the name, date of birth, and social security number of the President of TCCU to create a second account for TCCU. Lee used the original TCCU account for fraudulent activity while leaving the new account for legitimate TCCU transactions.

According to documents, Lee also created two accounts using the names, dates of birth, and social security numbers of his college roommates, which served as “intermediary accounts” into which funds stolen from FSUCU customers were deposited.

Officials say Lee also transferred funds from inactive customer accounts either to pay down the lines of credit he created, to the intermediary accounts he created, or into the original TCCU account. Lee used the stolen funds to pay off personal credit cards, to make mortgage and car payments, and for his children’s tuition.

In total, Lee transferred or withdrew a total of $806,666.26 from FSUCU.

In February 2016 and March 2017, Lee filed tax returns in which he did not claim as income the funds he stole from FSUCU.

The sentencing hearing is scheduled for August 22, 2019, at 10:00 a.m. at the United States Courthouse in Tallahassee.