Lottopia News
Kam Wong, defrauded the New York Credit Union out of over $6 million dollars. He had been working for years as he union chief.
The Manhattan federal court has charged Wong with running a series of elaborate scams to gain money. He spent over $3.5 million in embezzled funds on lottery tickets alone.
From July 2013 to January 2018, Wong used identity theft and fraud to fuel his lottery spending. His ticket purchases took place in a convenience stores blocks from his office. He is accused of writing over $3 million in checks to one Queens store. He spent $272,500 in another nearby shop as well.
Among the charges are four counts of embezzlement, fraud, wire fraud, and aggravated identity theft. Wong used the funds for fake dental work, repairs to his Mercedes Benz, and long-term insurance to enrich himself.
He could face a maximum of 30 years behind bars.