A Cleveland man who bilked $1.6 million in loans from the St. Paul Croatian Federal Credit Union in Eastlake, Ohio, will spend the next 37 months in federal prison.

Jukic Zrino also was ordered to pay $1.6 million in restitution by Judge John R. Adams in U.S. District Court in Akron on Thursday. Jukic pleaded guilty to one count of bank fraud and one count of money laundering last July.

Jukic co-owned the Zlato Group with Anthony Raguz, the convicted CEO/president of SPCFCU, who was sentenced to 14 years in federal prison in November for his central role in one of the largest fraud cases in U.S. credit union history.

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