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New Indictment: St. Paul Croatian FCU Loaned Millions to Man in Prison

Three more charged, bringing to 24 number indicted in Cleveland credit union fraud and collapse.

By Peter Strozniak | Updated on January 04, 2013

A federal indictment revealed that a suburban Cleveland man was in federal prison when he received millions of dollars in fraudulent loans from St. Paul Croatian Federal Credit Union, which helped lead to its collapse in April 2010.

A federal indictment released Thursday accused Gezim Selgjekaj of Avon Lake, Ohio, of illegally receiving more than $11 million, the latest move in the ongoing criminal investigation of the $70 million SPCFCU fraud case in which 24 people have been indicted over the last two years, said Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio in Cleveland.

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Peter Strozniak

 

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