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Another defendant, Marko Nikoli, involved in the $70 million St. Paul Croatian Federal Credit Union fraud case pleaded guilty Monday to two counts of financial institution fraud and one count of money laundering in U.S. District Court in Cleveland.

Nikoli is the nephew of Koljo Nokolovski, a pivotal figure in the SPCFCU case who was sentenced in May to 18 years in prison for fraudulently obtaining $5.6 million from the credit union in the Cleveland suburb of Eastlake, Ohio.

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Peter Strozniak


Credit Union Times

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