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Anthony Raguz, a former credit union CEO who played a central role in one of the largest fraud cases in U.S. credit union history, was sentenced Monday to 14 years in federal prison and ordered to pay $71.5 million in restitution by U.S. District Court Judge Christopher A. Boyko in Cleveland.

Raguz pleaded guilty in September 2011 to six criminal counts, including bank fraud, money laundering and bank bribery that led to the collapse of St. Paul Croatian Federal Credit Union in Eastlake, Ohio, in 2010.

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Peter Strozniak


Credit Union Times

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