Ex-Credit Union Exec Gets 14 Years For Massive Loan Scheme

Law360, New York (November 26, 2012, 9:31 PM EST) -- Anthony Raguz, who played a central role in a massive fraud that led to one of the largest credit union failures in American history, was sentenced to 14 years in prison and ordered to pay more than $72.5 million in Ohio federal court Monday on bribery, fraud and money-laundering charges.

As chief operating officer of the now-defunct St. Paul Croatian Federal Credit Union in Eastlake, Ohio, Raguz received more than $1 million in bribes, gifts and kickbacks for writing in excess of 1,000 bad loans totaling...
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Case Title

Magistrate judge case number: 


Case Number

1:11-cr-00008

Court

Ohio Northern

Nature of Suit

Date Filed

January 5, 2011

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