Lawsuit accuses Alabama One of fraud, coercion
by: David Morrison
Another member of the $602 million Alabama One Credit Union has filed a lawsuit claiming the cooperative conned him into committing loan fraud, and later pressured him to disavow his complaint to authorities.
The March 16 complaint filed by member Richard Turner named as defendants Alabama One Credit Union, Business Lending Manager Tammy Ewing, Board of Directors Chairman Edwin Harrell and Supervisory Committee Chair Martha Fincher. In the complaint, Turner claimed defendants committed fraud and negligence in connection with a half million dollar loan the credit union convinced him to make to benefit businessman Danny Ray Butler.continue reading »