Four Men Indicted in Alleged SECU Fraud Scheme
RALEIGH, N.C. – Keyondre Deionta Purvis, 27, Calvin Daminice Stewart, 29, Michael Raekwon Ryner, 29, and Quavedrian Da’mon Gibson, 27, have been indicted by a federal grand jury in connection with an alleged fraud targeting the State Employees’ Credit Union (SECU). The charges stem from an investigation led by the FBI.
U.S. attorney for the Eastern District of North Carolina, Ellis Boyle, emphasized the importance of protecting financial institutions serving the state’s public.”We will continue to work closely with our law enforcement partners to investigate allegations of fraud and safeguard the trust and money placed in thes institutions,” Boyle stated.
The indictment alleges the scheme unfolded during the summer of 2022, exploiting a security vulnerability within SECU’s systems. Prosecutors claim the defendants gained access to multiple member accounts and then executed a series of deceptive transactions. These transactions involved repeatedly depositing and withdrawing funds to falsely increase the displayed account balances during a reconciliation period.Following this activity, the indictment further alleges the defendants withdrew substantial amounts of cash exceeding the actual funds available in the accounts. The accounts were subsequently left with negative balances, which were not reimbursed, resulting in financial losses for SECU.Calvin Daminice Stewart made his initial appearance in federal court before U.S.Magistrate judge James E. Gates. Assistant U.S. Attorney David G. Beraka is prosecuting the case.
Court documents related to the case, including the indictment (Case No. 4:25-CR-00204), are publicly available on the U.S. District Court for the Eastern District of North Carolina website (http://www.nced.uscourts.gov/) and through PACER (https://ecf.nced.uscourts.gov/cgi-bin/ShowIndex.pl).
It is important to note that an indictment represents an accusation, and the defendants are presumed innocent until proven guilty in a court of law.
