Columbus Police Make Third Arrest in Navy Federal Credit Union Fraud Investigation

The Columbus Police Department has arrested Curtis Davis, 40, as part of an ongoing investigation into fraudulent activities at Navy Federal Credit Union (NFCU). The investigation revealed that two checks totaling $122,225.98 were deposited into an NFCU account belonging to Christopher Upshaw, who is currently incarcerated in federal prison.

Surveillance footage shows former NFCU employee Steven Verrett depositing both checks, with one check handed to him by Davis. The second check was deposited while Verrett utilized innocent customers as cover due to video surveillance. Funds were subsequently withdrawn from Upshaw’s account through cashier’s checks, ATM withdrawals, and counter cash withdrawals.

Davis was recorded on multiple occasions receiving cash from Verrett, and bank records indicate he deposited cash from one of the cashier’s checks into his own private bank account. Arrest warrants were issued for Davis, who turned himself in on July 15, 2024. He faces charges of Forgery 3rd Degree and Theft by Deception.