An Ohio business owner admitted in U.S. District Court in Cleveland Monday to embezzling $2.3 million from the failed Taupa Lithuanian Credit Union.

John Struna, 52, of Concord Township, pleaded guilty to conspiracy to commit bank fraud, bank fraud, making false statements and money laundering, according to federal prosecutors.

He will forfeit a restaurant – the Sunny Street Café in Concord Township – a condominium in Florida and a 2014 Mazda because they were purchased with money he stole from the credit union, according to court documents.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.