Grand Jury Indicts Seven More in St. Paul Croatian FCU Fraud
A federal grand jury in Cleveland on Friday indicted seven more individuals – in addition to the nine already indicted – on criminal counts related to a fraud against the St. Paul Croatian Federal Credit Union which was conserved and liquidated by the NCUA last year.
Arben Alia was indicted on 11 counts of bank fraud, one count of bank bribery and five counts of money laundering. The indictment alleges he used the $4.5 million in fraudulent loans to fund gambling excursions and to purchase and renovate a bar and grill in suburban Cleveland.
Alia was also indicted for giving the credit union’s former COO Anthony Raguz a $100,000 bribe for approving and issuing the loans. Raguz was one of nine people indicted for bank fraud in March in connection with the credit union’s collapse.
Also indicted Friday were Qerim Ahmetaj, one count of bank fraud and one count of money laundering; Zoge Ahmetaj, one count of count bank fraud and two counts of money laundering; Ilir Marku, three counts of bank fraud and two counts of money laundering; Vaso Shani, one count of bank fraud and two counts of money laundering; Alban Sulkaj, one count of bank fraud and one count of money laundering.