Pennsylvania credit union VP sentenced to prison

PHILADELPHIA—Anthony Forte, 43, of Glen Mills, PA, was sentenced today to 28 months in prison and ordered to pay $1,259,032.14 in restitution for conspiracy, loan fraud, and bank bribery. Forte’s brother, David, 39, of Prospect Park, PA, was sentenced to one day in prison for the same charges and was ordered to pay restitution in the amount of $178,445.70.

Anthony Forte was an Executive Vice President and Director of Marketing at the Boeing Helicopters Credit Union (“BHCU”), in Ridley Park, Pennsylvania. Anthony Forte pleaded guilty to using his position at BHCU to obtain cash kickbacks from unqualified loan applicants in exchange for approving $20,000 loans from HCU.

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