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Artwork for Overdrawn: A Documentary

Overdrawn: A Documentary

Andy Janning
Credit Union Connection
Credit Unions
Embezzlement
Crime

Overdrawn investigates the cost and consequence of crime. Each season focuses on one case, told by those speaking out about what that others refuse to discuss. Overdrawn goes past the headlines and the hype, into the moment someone realizes something is wrong, the systems that should have caught it sooner, and the lives that were never the same.

Reported and produced by Andy Janning. Distributed ... more

PublishesWeeklyEpisodes6Founded3 months ago
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True Crime

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Artwork for Overdrawn: A Documentary

Latest Episodes

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 defe... more

"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 ... more

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.co... more

Stacey Shaw embezzled nearly $2.1 million from the credit union she ran, using six credit cards she had no authority to open. She raised the limit on one of them 89 times, to more than $1.7 million, and cut its minimum payment to fifty cents. In his ... more

In May 2020, a small credit union in Beaver, Pennsylvania shut down with no warning. But what looked like an ordinary failure was actually a scandal that hid in plain sight for years. How did it happen? One word holds the clue.

For show notes and or... more

In 1964, a brotherhood of electrical workers in western Pennsylvania pooled their money and started a credit union. Fifty-six years later, federal regulators shut it down.

The scandal made some headlines, then the world moved on.

This investigation... more

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Recent Guests

Lee Karl
Former Assistant United States Attorney who prosecuted the case
U.S. Attorney's Office, Western Pennsylvania
Episode: In Grand Fashion

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Talking Points

Recent interactions between the hosts and their guests.

In Grand Fashion
Q: What was the scale of the embezzlement and how was it documented?
Six unauthorized credit cards were opened, limits raised repeatedly, and over 2 million dollars charged; investigators relied on a comprehensive set of monthly statements and the sentencing memorandum to quantify the losses and establish the scope.
In Grand Fashion
Q: How did Stacey Shaw start stealing from the credit union, and what signs were there early on?
The early signs were regulatory concerns during an audit, followed by failure to engage with investigators; Shaw's pattern emerged as she avoided interviews and ultimately left her position, leaving investigators with a clear trail to follow once the money movements were uncovered.

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