A former employee of the $5.5 billion Broadview Federal Credit Union (formerly SEFCU) in Albany, NY, has been arrested for her alleged involvement in an identity theft ring that stole $100,000, investigators say of the font.
The employee, Caeshara J. Cannon, 34, of Watervliet, was charged with four crimes. The charges included robbery, identity theft, possession of counterfeit instruments and falsification of business documents, the Bethlehem Police Department said in a prepared statement Friday.
Three other people were also arrested and charged.
The suspects allegedly visited Broadview branches and used fraudulent documents to steal money from accounts and open loans using other people’s identities.
An investigation was opened when BPD officers responded to verify a person at a Broadview branch in Slingerlands who was attempting to withdraw $20,000 from an account using a fake ID. Officers arrested the suspect and his accomplice.
Bethlehem Police detectives, with the help of SEFCU Fraud Prevention, identified other suspects, including Cannon who worked at the Glenmont branch, located more than six miles west of the Slingerlands branch in the Albany metropolitan area.
During one of the suspects’ arrest warrant executions, an illegal handgun was recovered, police said. They have not identified the owner of the handgun.
“Broadview FCU’s dedicated team of financial crime professionals identified fraudulent activity occurring at one of our branches and immediately began working with law enforcement to resolve the issue. Recent fraud was very limited and has been contained. This does not affect existing member accounts,” Broadview said in a prepared statement. “While the fraud committed against our organization was only a small part of this network’s criminal activity, Broadview is pleased to play an important role in stopping it. Maintaining the safety and security of our employees, our members and their assets is our top priority. We will continue to cooperate with law enforcement to ensure this situation is resolved quickly and justice is served. Out of respect for their ongoing activities, Broadview will not be commenting more for now.
Cannon’s job title was not released by either police or the credit union.
In Bethlehem City Court, Cannon was arraigned on her felony charges. Davon T. Parsons, 19, of Albany, Evan E. Cutler, 23, of Menands and Dnauticah Taylor-Sherman, 20, also of Menands, were also charged with robbery, identity theft and falsification of commercial documents.
They are due to make a second court appearance on November 15.
“This is an ongoing investigation and at this point there is approximately $100,000 in theft related to these individuals,” the Bethlehem Police Department said in a prepared statement.
The NCUA lists the SEFCU formerly named as Broadview FCU. The name change took place on August 1, after SEFCU legally merged with CAP COM FCU. Although both credit unions currently operate under their original brand and as a division of Broadview FCU, the renaming of the two organizations is expected to become official after the months-long integration process is complete.