Monday, May 29, 2017

Grow Financial Alleges GTE Financial Stole Trade Secrets and Private Member Information

Grow Financial FCU in Tampa has filed suit in federal court against GTE Financial Credit Union (Tampa).

The lawsuit alleges that a former employee conspired with GTE Financial to steal private information from Grow Financial Credit Union, including trade secrets and private member information.

Grow Financial had to hire a forensic firm to uncover the alleged crime and had to notify 13 state attorney generals and the National Credit Union Administration about the breach.

The suit was filed in federal court on May 24 and Grow Financial is seeking a jury trial.

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