Ohio Credit Union COO Admits Role In $70M Bank Fraud

Law360, New York (September 28, 2011, 6:45 PM EDT) -- The former chief operating officer of a bankrupt Ohio credit union on Tuesday admitted to criminal charges that he had accepted kickbacks in return for issuing more than $70 million in fraudulent loans, sparking one of the largest credit union collapses in U.S. history.

Anthony Raguz, who oversaw operations at now-defunct St. Paul Croatian Federal Credit Union, pled guilty to bank fraud, money laundering and bribery at a hearing in Ohio federal court, according to the U.S. Department of Justice.

Prosecutors claimed Raguz received more than...
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Case Information

Case Title

Magistrate judge case number: 


Case Number

1:11-cr-00008

Court

Ohio Northern

Nature of Suit

Date Filed

January 5, 2011

Government Agencies

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