The United States Department of Justice
Welcome to the District of Kansas

FOR IMMEDIATE RELEASE
News releases are available at www.usdoj.gov/usao/ks/press.html

Contact: Jim Cross
Phone: (316) 269-6481
FAX: 316-269-6420

Friday, May 11, 2007

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FORMER CREDIT UNION OFFICIAL FACES FEDERAL CHARGE

 

KANSAS CITY, TOPEKA – Mark E. Kasson, 38, Lawrence, was charged Thursday with making a false report to the National Credit Union Administration Board.

According to an information filed in U.S. District Court in Topeka, Kasson committed the crime while he was an officer and employee of Credit Union Group, a financial institution whose deposits are insured by the National Credit Union Administration Board. The complaint charges that Kasson made an entry in the company’s records falsely stating that $3 million in loans had been sold to other credit unions. His intention was to deceive auditors and examiners from the Kansas Department of Credit Unions, and the National Credit Union Administration Board, the complaint says.

If convicted, Kasson faces a maximum penalty of 30 years in federal prison and a fine up to $1 million. The Federal Bureau of Investigation worked on the case. Assistant U.S. Attorney Richard Hathaway is prosecuting.