Three people in Yuma, Arizona, have been charged with bank fraud: A businessman, a credit union official who lent to him, and the official's wife.
The charge says William Liddle, former vice president of the AEA Credit Union, plotted with Frank Ruiz. Liddle would lend Ruiz money from the credit union, and in return Ruiz would give Liddle and his wife, Rhonda, some of the money. They got nearly $1 million this way, the charge says.
Ruiz owned several businesses, including one called the Yuma Fun Factory. All have gone bankrupt. Ruiz still owes the credit union more than $25 million.
The Liddles and Ruiz have all declared bankruptcy (made an official statement that they don't have enough money to pay their bills).
The U.S. Attorney says, "Financial institutions are not personal fun factories."
printable:Download Credit Union Official, Wife, and Businessman Charged.pdf (21.5K)
