Former bank employee placed on probation after stealing more than $100K

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A former employee of Island Savings Credit Union has been placed on probation for three years after stealing $101,297 over an 18-month period.

Nathan Rondeau, 36, plead guilty to two counts of defrauding Island Savings Credit Union and TD Canada Trust between March 2014 and August 2015.

Rondeau defrauded the credit union by creating false credit card applications, then using fraudulent credit lines to make nominal payments on the credit cards. He used both the personal information of credit union clients and also created fictitious people to apply for loans, credit lines and credit cards.

Read more at Times Colonist

This article is summarized by Canadian Fraud News Inc.