Feds: Former Credit Union Loan Officer Embezzled Money

(East St. Louis, IL) — A Metro East business man is accused of stealing money from the credit union that he worked for. Theodore Longust, who worked for Scott Federal Credit Union, is charged with several offenses like fraud and money laundering. Prosecutors say he created two unauthorized loans in November 2008 to a Baptist church. Longust allegedly used cash from one loan to pay personal credit card bills of more than 75-thousand-dollars. He also allegedly used a loan to a landscaping firm to pay the church over 54-thousand-dollars of their loan. Longust is due in court December 4th.