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Second arrest made in Navy Federal Credit Union fraud investigation

 

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COLUMBUS, Ga. (WRBL) — A second arrest has been made in an ongoing fraud investigation involving Navy Federal Credit Union.

Demetrius Redding, 46, was arrested on Saturday, July 6 by the Columbus Police Department’s special operations unit. Warrants were initially issued for his arrest on Tuesday, July 2.

According to CPD, Redding allegedly deposited four stolen checks totaling in $480,142.91 with help of Steven Verrett, who was arrested in late May. Verrett is a former Navy Federal Credit Union employee who is accused of depositing counterfeit checks worth more than $800,000.

Redding faces four counts of third degree forgery and four counts of criminal attempt theft by deception.

The case is still under investigation and police say more arrests are expected.

Southeast

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