A Texas car dealer is facing a bank fraud charge for allegedly swindling $1.6 million from the recently merged Southside Credit Union in San Antonio, and its former CEO will be sentenced in January for trying to cover it up.
Royce Elmer Stockton, a former president/CEO and loan officer for the $20.1 million Southside CU, will be sentenced Jan. 13 in U.S. District Court in San Antonio, after pleading guilty to the felony charge of causing false entries in credit union records, according to court documents.
Also Read: Top 7 Inside Fraud Cases in 2013
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