vault backup: 2026-05-15 17:00:54
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27 changed files with 51 additions and 51 deletions
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@ -13,7 +13,7 @@ tags:
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- Franklin_Scandal
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start: 1988-11-04
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end: 1994-12-01
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summary: "The Franklin Credit Union Scandal refers to the November 1988 collapse of the Franklin Community Federal Credit Union in Omaha, Nebraska, with $39.4 million missing, and the subsequent allegations that operator Lawrence King Jr. ran a child prostitution network with connections to Washington D.C. The financial fraud charges were prosecuted to conviction; the abuse allegations were found to be unsubstantiated by two separate grand juries in 1990."
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summary: "The Franklin Credit Union Scandal began with the November 1988 collapse of Lawrence King Jr.'s Omaha credit union with $39.4 million missing, accompanied by allegations of a child prostitution network with Washington D.C. connections; fraud charges resulted in conviction while abuse allegations were found unsubstantiated by two 1990 grand juries."
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location: "Omaha, Nebraska / Washington, D.C."
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---
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