Ex-Credit Union CEO, NY Businessman Deny Bribery Charges

Law360 (July 11, 2019, 7:00 PM EDT) -- The former CEO of Melrose Credit Union and a Long Island, New York, business owner pled not guilty in New York federal court Thursday to charges that they conducted a bribery scheme to exchange free housing for favorable loan terms.

After being arrested earlier in the day, ex-Melrose CEO Alan Kaufman and businessman Tony Georgiton appeared before U.S. Magistrate Judge Henry Pitman Thursday afternoon to answer charges that can carry as much as a 30-year prison stay. Kaufman was released on $500,000 in bail, while Georgiton was released on $1 million in bail.

According to the unsealed indictment, Georgiton purchased a...

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