A Brunswick, Ohio, man will face charges of bank fraud, moneylaundering and bribery in U.S. District Court in Cleveland in the$70 million fraud case that led to the collapse of the St. Paul Croatian Federal Credit Union in 2010.

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Svetislav Vujovic is scheduled to be arraigned Friday beforeU.S. District Judge Greg White to face charges that he fraudulentlyobtained more than 35 loans over four years totaling $2.2 million,according to court records.

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An indictment also alleged that Vujovic gave $20,000 in cashpayments to Anthony Raguz, the former CEO/president of SPCFCU, whowas sentenced to 14 years in federal prison in November for hiscentral role that led to one of the largest fraud cases in U.S.credit union history.

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Raguz admitted to approving more than 1,000 fraudulent loanstotaling $70 million to over 300 account holders at credit unionfrom 2000 to 2010. He also accepted bribes totaling $1 million toapprove loans, according to the original indictment.

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Earlier this month, Ted Vannelli of Willoughby, Ohio, wassentenced in U.S. District Court in Cleveland to serve one day inprison and five years of supervised release for his role in theSPCFCU case. One of the conditions of his supervised release was toparticipate in a six-month location monitoring program.

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According to court records, Vannelli pleaded guilty in April tofinancial fraud and aiding a commission for procuringloans.

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Vannelli worked with his son-in-law A. Eddy Zai in a number ofdifferent companies that were involved in the SPCFCU case. Zaipleaded guilty in U.S. District Federal Court in Cleveland inNovember to nine counts of bank fraud, bribery, and moneylaundering and agreed to forfeit $16.7 million. The businesses werecreated to serve as a safe haven for the money fraudulentlyobtained from the credit union, prosecutors alleged.

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Vannelli's participation in the SPCFCU case was primarily thatof an “errand boy” who delivered cash to Raguz, court records show.In return, Raguz approved loans for the businesses Vannelli workedfor. He also signed off on fraudulent information to obtain a loanfrom another bank, court records show.

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However, Vannelli will be given a light sentence in exchange forcooperating with federal prosecutors that prosecuted Zai, accordingto court records. He is scheduled to be sentenced on Feb.5.

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About 20 people have been indicted for their role in SPCFCU'scollapse. Others involved also have pleaded guilty and have beensentenced, while some are awaiting trials.

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