Industry News

C&F Mortgage suspects employees of embezzling $2.2 million

Virginia-based lender delays release of second-quarter earnings
Published on Jul 31, 2006

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by CareyBot

A publicly traded mortgage lender that does business in six eastern states said it would delay its second-quarter earnings report after uncovering evidence that two former employees embezzled $2.2 million. Virginia-based C&F Mortgage Corp., a subsidiary of C&F Bank, said ...