Overdrawn: A Documentary

712. $2.1 million. 51 months. Numbers have defined this story. But one of the most important entries in the records isn't a number. It's a name. On eight of 712's quarterly Call Reports, the NCUA examiner assigned to the credit union appears as the Certifying Official, beneath a certification directed to credit union leadership. Six of those reports were filed while CEO Stacey Shaw was embezzling nearly $2.1 million. NCUA confirmed the entries but wouldn't explain them. Former NCUA exam...

"Only fifty-one months for stealing two million dollars? Sounds like a bargain." "Probably went to some country club." "Justice wasn't served, that's for darn sure." "She got off easy." I've heard all of these, and plenty more variations, when I talk to people about Stacey Shaw’s crimes, conviction, and prison sentence. I can't blame them. I said some of the same things when I first began digging up 712 to see what else had been buried with it. But were those assessments fair and accurate?&nb...

The pig farm that Stacey Shaw bought while she was embezzling from the 712 credit union figured prominently in numerous media reports about her crime. Despite the FBI finding that Shaw spent "a lot of money outfitting that land for her use", her defense attorney said the property wasn't "worth the deed that was printed for it", and the government agreed. Where did the money go? To find out, we visit the man who bought the land from Shaw a few months before federal charges were filed aga...

"This was all in plain sight, had somebody just kinda looked at it." That’s what Stacey Shaw’s defense attorney said about her embezzlement. We go looking with former NCUA examiner Joshua Herman, who doesn't know how 712 collapsed. Can he find out just from their financials? We explore what the NCUA Office of Inspector General released about their investigation. We hear the question Helen Marinkovic asked 712's board and the answer that, according to her, was their downfall. And who was...

Stacey Shaw’s embezzlement, in her own words. Her defense attorney, in his first media interview about the case. An anomaly that no one can explain. And more questions than answers. For show notes and original photography, visit OverdrawnPodcast.com.