November 26, 2012
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.
November 19, 2012
The last defendant in a bribery and bad-loan scheme that cost the St. Paul Croatian Federal Credit Union more than $70 million and forced it into conservatorship pled guilty Monday to two counts of bank fraud and one count of money laundering in Ohio federal court.
September 28, 2011
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.