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The following information was obtained from the Michigan Attorney General's office:
Michigan Attorney General Bill Schuette announced that Fuataina Afutiti, 50, of Westland, was charged with one Count of Receiving Proceeds from a Continuing Criminal Enterprise and one count of Embezzlement from a Credit Union for allegedly stealing more than $2 million from the Veterans Health Administration Credit Union for her personal use between 2012 - 2016.
“For a person to take advantage of Michigan veterans, many of whom are disabled and on fixed incomes, to use the money to live a life of excess is despicable,” said Schuette. “These men and women gave so much to allow us the freedoms we have in this country and anyone who takes advantage of that will face the consequences.”
Afutiti was arraigned today before Magistrate Bari Blake Wood in the 36th District Court in Detroit. She was released on a $10,000 personal recognizance bond. She had to surrender her passport, cannot leave the state of Michigan, and can have no contact with witnesses as a condition of her bond. Afutiti’s next court appearance is September 15, 2016 at 8:30 am.
Case Background-
The alleged misconduct was found in February 2016 by routine audit at the Veterans Health Administration Credit Union (VACU) by Credit Union Examiners from State of Michigan Department of Insurance and Financial Services (DIFS). The audit revealed significant irregularities and cash shortfalls at the credit union. Afutiti was the President and CEO of VACU at this time. She was questioned but could not provide a logical explanation.
At this point a financial background investigation into Afutiti was conducted. It revealed that from 2012-2016, she allegedly leased or bought several vehicles including a 2013 Mercedes Benz. She also allegedly purchased a $100,000 motorhome. It is alleged that Afutiti also used money embezzled from the credit union to finance personal vacations.
According to the DIFS audit the total amount loss for VACU is $2,303,158.66. The credit union was made insolvent and closed as a result of this alleged embezzlement. The charges result from a joint investigation with DIFS and the Office of Attorney General.
A criminal charge is merely an allegation of criminal conduct. The defendant is presumed innocent until proven guilty beyond a reasonable doubt.
Business Details
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- BBB of Detroit & Eastern Michigan
- BBB File Opened:
- 10/12/2016
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