Belleville credit union caught in the middle of million dollar fraud investigation

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Trial dates are close to being set in a Bellville fraud case that involves a million dollar fraud investigation of the Bellville credit union in 2015.

The case involving three accused has proceeded by way of direct indictment, after the Crown convinced the Deputy Attorney General, that due to the length of time the case has been lagging before the court, it was prudent to skip the preliminary hearing stage and start canvassing potential trial dates.

Following an initial investigation by Belleville police stemming from complaints against a former employee, accusations were laid against three people in connection with $1 million stolen between January, 2010 and June 2015.

In May 2016, Cheryl Drumm, George Misuraca and  Allan William Lasher were charged with various counts of theft over $5,000 and fraud over $5,000. Drumm was listed as a clearing officer with Bayshore Credit Union before the charges, sources have confirmed.

A notification on the company’s website indicated in January 2017 Quinte First Credit Union Limited was formed through the amalgamation of Bayshore Credit Union Ltd. and QuintEssential Credit Union Limited.

In terms of notifying clients who may have been affected, Bell said “any inquiries we’ve received internally from our members we’ve responded to. We have not received an inquiry in quite some time. That’s about all I can say.”

The Intelligencer has confirmed the institution involved in the alleged fraud is Quinte First Credit Union.

Read the full story over the Intelligencer.

This story was summarized by Canadian Fraud News Inc.