Four men have been indicted by a federal grand jury in Raleigh, North Carolina, for allegedly carrying out a scheme to defraud the State Employees’ Credit Union (SECU). The indictment names Keyondre Deionta Purvis, 27, Calvin Daminice Stewart, 29, Michael Raekwon Ryner, 29, and Quavedrian Da’mon Gibson, 27.
According to the indictment, the defendants are accused of exploiting a security vulnerability at SECU during the summer of 2022. They allegedly gained access to multiple member accounts and conducted sham transactions. These included repeatedly depositing and withdrawing funds to make it appear as though account balances were higher than they actually were during a reconciliation period. The indictment states that the defendants then withdrew large sums of money exceeding the actual balances in these accounts. After these activities, the accounts reportedly had negative balances that were not repaid.
“Protecting the integrity of banks and credit unions that serve North Carolina’s public is a top priority,” said U.S. Attorney Ellis Boyle. “We will continue to work closely with our law enforcement partners to investigate allegations of fraud and safeguard the trust and money placed in these institutions.”
U.S. Attorney Ellis Boyle announced the charges following Stewart’s initial appearance before U.S. Magistrate Judge James E. Gates. The Federal Bureau of Investigation is leading the investigation into this case, while Assistant U.S. Attorney David G. Beraka is handling prosecution.
Additional information about related court documents can be accessed through the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching Case No. 4:25-CR-00204.
