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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.

On May 13, a federal grand jury in Cleveland indicted seven more individuals–in addition to the nine already indicted–on criminal counts related to a fraud against the credit union, which was located in Eastlake, Ohio, and at one point had assets of $240 million. The loss cost the NCUSIF $170 million.

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