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An Ohio man was sentenced to two years in prison for embezzling nearly $4 million from the fraud-ridden St. Paul Croatian Federal Credit Union, which was liquidated by the NCUA in 2010.

U.S. District Court Judge Christopher A. Boyko of Cleveland also ordered Sako Satka, 66, of Lakewood to pay $3.7 million in restitution and three years of supervised release. Satka pleaded guilty in June to bank fraud, bank bribery and conspiracy.

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Peter Strozniak


Credit Union Times

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