Mississippi Credit Union CEO Pleads Guilty to $69 Million Embezzlement Scheme

Leigh Bridges, the former CEO of Jackson Area Federal Credit Union, has pleaded guilty to embezzling over $69 million from the institution. Prosecutors stated that Bridges used administrative codes to divert funds into personal accounts and falsified records to conceal the activity over a decade, ultimately rendering the credit union insolvent. She reportedly used the stolen funds for cash real estate purchases. Sentencing is scheduled for February 25th, with the government seeking restitution and forfeiture.