Manager of CBS employees’ credit union stole $40M over 20 years, authorities say

A credit union set up to serve employees of CBS was shuttered last week after its manager was accused of embezzling $40 million over 20 years, according to reports. The suspect, identified as Edward Martin Rostohar, 62, was a 30-year employee of the Studio City, Calif.-based credit union, reports said. He was arrested at his Studio City home and charged with bank fraud and identity theft, authorities said.-- More....