Lawsuit Accuses Scott Credit Union of Fraud

Former NFL player Dave Butz and Eugene Schill have filed a lawsuit against Scott Credit Union and its officers alleging fraud.

The Madison-St. Clair Record reports that the complaint alleges "Scott Credit Union removed currency and opened unsecured lines of credit from the plaintiffs’ accounts. The suit also claims the defendants falsified documents, forged signatures, attempted to collect millions from past due accounts that were unauthorized and unsupported and that they willfully used the plaintiffs’ names to extend commercial lines of credit to fictitious and/or random companies unrelated to the plaintiffs.

Butz and Schill says they endured obstacles in their ability to legitimately borrow money, start new business ventures and uphold their professional reputations. They claim they are now personal guarantors for millions of dollars in fraudulent lines of credit that are now in arrears. They further claim violations of the Illinois Credit Union Act and breach of fiduciary duty."

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