Joe Spaqi is the latest embezzler sentenced in a fraud case that led to a credit union’s 2010 collapse.
Ohio man receives nine-year sentence, ordered to pay nearly $3M in restitution.
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.
A federal grand jury indicted a St. Paul Croatian FCU member for bank fraud and money laundering that cost the credit union $2.5 million and led to its eventual closing.