STEVE INSKEEP, host: NPR's business news starts with executives facing charges.</s>STEVE INSKEEP, host: Federal regulators this week filed suit against two former executives of a failed Los Angeles credit union. The credit union was WesCorp. It was seized by the government in March after it racked up $7 billion in losses, most related to bad mortgage investments.</s>STEVE INSKEEP, host: According to the Los Angeles Times, the executives are accused of fraud for their roles in adding millions of dollars to the retirement payouts for top managers.
Federal regulators this week filed suit against two former executives of failed Los Angeles credit union WesCorp, according to published reports. It was seized by the government in March after it racked up $7 billion in losses — most related to bad mortgage investments.