A federal jury in U.S. District Court in Cleveland convicted a 41-year-old Ohio man Wednesday in the $70 million fraud case that led to the collapse of the St. Paul Croatian Federal Credit Union in Eastlake, Ohio.
After a seven-day trial, Svetislav Vujovic was found guilty on10 counts of making false statements to a federal credit union, two counts of money laundering and one count each of financial institution fraud and giving gifts for procuring loans.
Federal prosecutors said Vujovic fraudulently obtained dozens of business and personal loans totaling more than $3 million over four years.
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