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Scott Credit Union sued over alleged misappropriation of funds

By Molly English-Bowers | Apr 6, 2016

BELLEVILLE – A Missouri corporation and an Illinois resident are suing over a credit union's alleged mishandling of their money.

P2 Properties LLC and Joe Plescia filed the suit March 22 in St. Clair County Circuit Court against Scott Credit Union and Theodore Longust.

Longust worked at Scott Credit Union from Nov. 7, 2005, to Dec. 8, 2014, with the title Business Relationship Manager, the suit says.

Even though the defendant was required to follow federal laws about managing others' money, the plaintiff alleges Scott Credit Union fraudulently removed money from the plaintiffs' accounts without authorization, opened unauthorized lines of credit in the plaintiffs' names, and denied the plaintiffs access to their accounts.

As a result, the plaintiffs claim they have been damaged in their ability to borrow and to enter into new business ventures. They further have suffered damage to their professional reputations and are now personal guarantors for millions of dollars in fraudulent lines of credit that are in arrears, the suit alleges

The plaintiffs seek judgment for five counts against both defendants of an amount in excess of $50,000. They are represented by Grey Chatham Jr. of Chatham & Baricevic in Belleville.

St. Clair County Circuit Court case number 16-L-161

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