Another defendant, Marko Nikoli, involved in the $70 millionSt. Paul Croatian Federal Credit Union fraud case pleadedguilty Monday to two counts of financial institution fraud and onecount of money laundering in U.S. District Court in Cleveland.
|Nikoli is the nephew of Koljo Nokolovski, a pivotal figure inthe SPCFCU case who was sentenced in May to 18 years in prison forfraudulently obtaining $5.6 million from the credit union in theCleveland suburb of Eastlake, Ohio.
|Nikoli fraudulently received $1.4 million from SPCFCU loans inJune 2003 and in May 2005, and then transferred $937,500 to a bankin Skopje, Macedonia, according to court documents. Court recordsalso show Nokolovski used $60,811 from SPCFCU funds to buy aMercedes Benz for Nikoli.
|Nikoli is scheduled to be sentenced March 18, 2013.
|Nineteen people have been indicted for their role in SPCFCU'scollapse. Others involved also have pleaded guilty and have beensentenced, while some are awaiting trials.
|The NCUA, which lost $186.4 million as a result of the SPCFCU fraudcase, closed the credit union and began its liquidation processin May 2010.
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