Tinker FCU helps bust car loan fraud scheme

Oklahoma’s largest credit union helped police bust an auto loan fraud scheme that involved 22 people.

Employees responsible for due diligence on loan applications at the $3.7 billion Tinker Federal Credit Union in Oklahoma City, initially detected that several people allegedly applied for car loans with fraudulent information from April 2016 to September 2016.

Tinker FCU handed over its information to the Tulsa Police Department, which investigated the bogus car loan applications and began arresting 22 suspects last week.

Barry Paul Wright Jr., who was one of the co-defendants listed in court documents, reportedly walked into a Tinker FCU branch April 2016 and used fake documents to get a $20,000 auto loan approved to buy a Mercedes Benz. Since then, 21 other people got involved in the fraud as well, according to local media reports.

 

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