Co-Conspirator Arrested in Navy Federal Credit Union Fraud Investigation

A second arrest has been made in connection with a fraud investigation at Navy Federal Credit Union. Demetrius Redding, aged 46, was apprehended by the Columbus Police Department’s Special Operations Unit on Saturday, July 6, 2024. This follows arrest warrants issued on Tuesday, July 2, 2024.

Redding, allegedly assisted by Steven Verrett, a former bank employee previously arrested, deposited four stolen checks totaling $480,142.91 into various accounts. Redding faces charges including 3rd Degree Forgery (four counts) and Criminal Attempt Theft by Deception (four counts). He was transported to Muscogee County Jail.

The investigation continues, with authorities anticipating additional arrests.