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07/09/2024

Second arrest made in Navy Federal Credit Union fraud investigation

News 3 WRBL

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.

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