A March 11 trial date has been set for Gezim Selgjekaj of AvonLake, Ohio, who pleaded not guilty to a 28-count indictment on Jan.17 that accused him of illegally receiving more than $11 million inthe $70 million St. Paul Croatian Federal Credit Union fraudcase.

A federal indictment revealed earlier this month that Selgjekajwas in federal prison when he received millions of dollars infraudulent loans from SPCFCU of the Cleveland suburb of Eastlake,Ohio. The credit union collapsed in April 2010.

The federal indictment charged Selgjekaj with one count ofconspiracy, six counts of bribery, six counts of money launderingand 15 counts of financial institution fraud.

The indictment alleged Selgjekaj received $3.6 million between2004 and 2008, despite the fact that he was in federal prison forunrelated conduct.

From March 2003 through July 2004, Selgjekaj also received anadditional $5 million in fraudulent loans from SPCFCU. Moreover,even after defaulting on the $8.6 million in loans, Selgjekajreceived an additional $2.9 million in loans from SPCFCU between2008 and 2010, according to the indictment.

Selgjekaj allegedly managed to bilk millions of dollars from thecredit union because he conspired with Anthony Raguz, the former chief operating officer at SPCFCU,and others.

Raguz was sentenced to 14 years in federal prison in Novemberfor his central role that led to one of the largest fraud cases inU.S. credit union history. He admitted to approving more than 1,000fraudulent loans totaling $70 million to over 300 account holdersat the credit union from 2000 to 2010. He also accepted bribestotaling $1 million to approve loans, according to the originalindictment.

Selgjekaj allegedly submitted false and fraudulent loanapplications to Raguz, including submitting loan requests innominee's names when Selgjekaj's aggregate loan balances reached alevel that could have drawn attention from auditors or members ofthe credit union's board, according to the indictment.

According to federal authorities, Selgjekaj allegedly gave Raguz$40,000 in cash and five checks totaling $66,000 to reward him forproviding the fraudulent loans from SPCFCU.

Selgjekaj's trial will be held in U.S. District Court inCleveland.