Seven indicted in credit union & bank fraud scheme

A Texas college basketball star, her fiancé and five others were indicted Wednesday in a $237,000 bank fraud scheme that victimized eight large and midsize credit unions and 13 big banks across the nation.

Jenzel Nash, 23, a forward for the University of Texas at El Paso women’s basketball team, was charged with conspiracy to commit bank fraud and making false statements on loan or credit applications, according to federal prosecutors.

Nash allegedly applied for a $14,858 loan at the $2.4 billion GECU in El Paso and falsely claimed she earned a monthly salary of $2,472 on her August 2014 loan application, according to the indictment.

GECU is a corporate sponsor of the UTEP women’s basketball program.

“We are a proud UTEP Pillar Partner; we share common goals of elevating our community through education,” GECU said in prepared statement. “The current case is unrelated to our partnership. This is a law enforcement matter and we cannot comment on any details of the investigation.”

 

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