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.
The federal indictment charged Selgjekaj with one count of conspiracy, six counts of bribery, six counts of money laundering and 15 counts of financial institution fraud.
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