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Financial fraud at Franklin Community Federal Credit Union

Investigations found evidence of financial fraud at the Franklin Community Federal Credit Union, including embezzlement by Lawrence E. King Jr.

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Feb 6, 2026

What role did law enforcement and prosecutors play in the Franklin investigation and were there allegations of a cover-up?

Law enforcement first entered the as a financial probe: federal agents raided the in November 1988 looking into $38–$40 million in alleged tied to manager Lawrence E. “Larry” King Jr. . Allegations th...

Feb 4, 2026

What did the 1990s investigations into the Franklin scandal determine and what legal outcomes followed?

The 1990s investigations into the established that the was the site of massive while multiple official probes and grand juries found no credible evidence of a nationwide, high‑level as alleged by acti...