– Four limited liability corporations are suing over the alleged
embezzlement of money from their credit union accounts.
Partnership LLC, Schill Investment Fund LLC, Allpro Development LLC,
and P2 Commercial LLC filed the suit March 31 in St. Clair County
Circuit Court against Scott Credit Union and Theodore Longust.
According to the complaint,
Longust worked as business relationship manager at Scott Credit
Union for nearly nine years, the suit says. Despite his legal obligations and the
credit union's policies and procedures, the suit alleges he created
fraudulent loans, increased credit limits on loans that did not have
the requisite board approval, and issued loans and letters of credit
without the required documentation and security.
are five counts against the two defendants. The plaintiffs seek
judgment in their favor for each count in an amount in excess of $50,000 to compensate them for their damages plus court costs.
They are represented by Grey Chatham Jr. of Chatham & Baricevic
St. Clair County Circuit Court case number 16-L-186