Ohio business owner admits to embezzling $2.3 million from failed cooperative.
A federal jury in U.S. District Court in Cleveland has convicted a 41-year-old Ohio man in the $70 million fraud case that led to the collapse of the St. Paul Croatian Federal Credit Union.
Svetislav Vujovic is convicted on 13 counts for his role in a fraud scheme that cost the NCUSIF $186M.
Former Taupa Lithuanian Credit Union CEO pleads guilty in court appearance.
Federal prosecutors pieced together a massive fraud scheme that siphoned $15 million over 17 years.
Bookkeeper Vytas Apanavicius charged with embezzling $1M in NSF scheme.
John Struna got regular cash payments from former CEO Alex Spirikaitis, now faces March 10 trial.
John Struna, who had personal and business accounts at the failed credit union, received $2.5M in fraudulent transfers from former CEO Alex Spirikaitis.
About $10 million to $16 million may have been embezzled from the Taupa Lithuanian Credit Union in Cleveland, which would make it one of the largest credit union fraud cases ever.
Monday hearing set for suspect No. 2 in Cleveland CU collapse as court documents reveal cooperation, details of long-running fraud.