Second arrest in Navy Federal Credit Union fraud investigation

Video: Previous coverage of the first arrest in this case.

COLUMBUS, Georgia (WRBL) – A second arrest has been made in an ongoing fraud investigation into Navy Federal Credit Union.

Demetrius Redding, 46, was arrested by the Columbus Police Department’s Special Unit on Saturday, July 6. Warrants for his arrest were originally issued on Tuesday, July 2.

According to CPD, Redding allegedly cashed four stolen checks totaling $480,142.91 with the help of Steven Verrett, who was arrested in late May. Verrett is a former Navy Federal Credit Union employee who is accused of cashing over $800,000 in counterfeit checks.

Redding is charged with four counts of third-degree forgery and four counts of attempted criminal theft by deception.

The case is still under investigation and police expect further arrests.