The controversies involving the liquidated St. Paul Croatian Federal Credit Union continue, with a 32-count complaint filed May 21 in U.S. District Court in Cleveland by the NCUA.
Fraudulent loans led to collapse of Cleveland credit union in 2010.
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 U.S. Department of Justice has indicted nine people, six men and three women, for fraud, bribery and money laundering in connection with the collapse of the $239 million St. Paul Croatian Federal Credit Union.