Member charged with stealing $3.7 million using bribes and kickbacks to score fake business loans.
Defendant Sato Satka bribed former President/CEO Anthony Raguz with $90,000 cash in a brown paper bag.
Ex-CEO of St. Paul Croatian FCU given 14 years in prison and ordered to make $71.5 million in restitution.
Anthony Raguz was to be sentenced Tuesday for his role in the defrauding, collapse of Cleveland credit union.
Cleveland businessman hit with 37 counts as list of suspects charged grows.
Suit in Ohio federal bankruptcy court seeks $2.2 million from couple tied to collapse of suburban Cleveland credit union.
Former St. Paul Croatian FCU President/CEO Anthony Raguz, whose actions helped trigger one of the largest credit union failures in history, pleaded guilty on Sept. 29 to six criminal counts, including bank fraud, money laundering and bank bribery in federal court in Cleveland.
Former executive guilty for theft that led to CU failure.
The troubles at Nevada’s Silver State Schools Credit Union, which include a 2% pay cut in September, reverberated across the state again last week.
More than a year after St. Paul Croatian Federal Credit Union was conserved and liquidated because of losses from fraud, there have been indictments, federal and international investigations and money hunts, and a lawsuit against the NCUA.