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.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Credit Union Management