RALEIGH, N.C. – Keyondre Deionta Purvis, 27, Calvin Daminice Stewart, 29, Michael Raekwon Ryner, 29, and Quavedrian Da’mon Gibson, 27 are facing federal charges after being indicted for an extensive fraud scheme against the State Employees’ Credit Union (SECU).
The defendants are accused of exploiting a security flaw at SECU to gain access to numerous member accounts. They then carried out a series of sham transactions, depositing and withdrawing funds to inflate account balances during reconciliation periods.
According to the charges, the culprits withdrew cash well above actual account balances, leaving the union with negative balances that were not repaid, amounting to substantial fraud. The FBI is leading the investigation, with Assistant U.S. Attorney David G. Beraka prosecuting the case.
“Protecting the integrity of banks and credit unions serving North Carolina’s public is a top priority,” said U.S. Attorney Ellis Boyle. “We will continue to work closely with law enforcement to safeguard trust in these institutions.”
U.S. Magistrate Judge James E. Gates presided over Stewart’s initial appearance, with the FBI leading the investigation. Related court documents are available on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER.
An indictment is merely an accusation. The defendants are presumed innocent until proven guilty.
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Key Facts
- State: North Carolina
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Organized Crime
- Source: Official Source ↗
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