COLUMBUS, Ga. — A third person has been arrested in a scheme that allegedly involved the theft of more than $800,000 from Navy Federal Credit Union.
Police have arrested Curtis Davis, 40, who has been accused of participating in the scheme, in his case for allegedly stealing $122,225.98.
Investigators say two checks totaling that amount were deposited into an account at NFCU that belonged to Christopher Upshaw, who was recently sentenced to prison, WSB-TV News reported.
According to police, surveillance footage captured former Navy Federal employee Steven Verrett depositing both checks, once with Davis providing the check.
“The other check was deposited by Verrett who used innocent members as cover while under video surveillance,” the report added.
As CUToday.info reported here, Verritt has also been arrested for his alleged role in masterminding the fraud from inside Navy FCU.
The Allegations
Police said money was allegedly withdrawn from Upshaw’s account through cashier’s checks, ATM withdrawals, and counter cash withdrawals, and that Davis was recorded several times receiving cash from Verrett.
Bank records showed that Davis deposited cash from one of the cashier’s checks into his own private bank account, the report said.
Davis has been charged with third-degree forgery and theft by deception.