EDWARDSVILLE, Ill.—Former NFL standout Dave Butz and a St. Louis man are suing Scott CU alleging consumer fraud involving millions of dollars.
The suit names the CU, the entire board, and certain executives, including CEO Frank Padak, the Madison-St. Clair Record reported.
The $1.1-billion Scott CU is the official sponsor of the NFL’s St. Louis Rams. Butz, who lives in Swansea, Ill., played as a defensive lineman for the St. Louis Cardinals for two seasons and for the Washington Redskins for 14. He is joined in the lawsuit by Eugene Schill.
According to the complaint, Butz and Schill allege that Scott CU removed currency and opened unsecured lines of credit from the plaintiffs’ accounts. The suit also claims the defendants falsified documents, forged signatures, attempted to collect millions from past due accounts that were unauthorized and unsupported and that they willfully used the plaintiffs’ names to extend commercial lines of credit to fictitious and/or random companies unrelated to the plaintiffs.
In the complaint, Butz and Schill said they endured obstacles in their ability to legitimately borrow money, start new business ventures and uphold their professional reputations. They claim they are now personal guarantors for millions of dollars in fraudulent lines of credit that are now in arrears, the newspaper reported. They further claim violations of the Illinois Credit Union Act and breach of fiduciary duty.
The plaintiffs seek injunctive action to remove officers alleged to have made infringements, along with damages in excess of $50,000, plus attorney fees and costs, the Madison-St. Clair Record reported. They are represented by attorney Grey Chatham Jr. of Chatham & Baricevic in Belleville.