BELLEVILLE – A Missouri company and its principal are suing over alleged fraudulent money handling.
GFO Properties LLC and Gene O'Donnell 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.
According to the complaint, contrary to the Illinois Credit Union Act, the defendants allegedly committed deceptive acts including removing currency from plaintiffs' accounts without authorization, opening lines of credit in plaintiffs' names without authorization, attempting to collect monies from plaintiffs' past due accounts, knowingly withheld and misappropriated plaintiffs' funds, and knowingly deceived plaintiffs about their accounts.
The plaintiffs claim they have suffered damage to their professional reputations and can no longer enter in new business ventures, the complaint states. They also are guarantors for millions of dollars in fraudulent lines of credit that are in arrears.
The plaintiffs seek judgment in their favor in excess of $50,000 for each of the five counts, plus court costs. They are represented by Grey Chatham Jr. of Chatham & Baricevic in Belleville
St. Clair County Circuit Court case number 16-L-158