CLEVELAND – Two more local businessmen were charged last week in the massive fraud that led to the 2010 collapse of St. Paul Croatian FCU.
Svetislav Vujovic, 40, was charged paying $20,000 in bribes to Anthony Raguz, the former CEO of St. Paul Croatian, to obtain $2.2 million in loans to support his businesses, including Cleveland Comfort Corp., SND Inc., Balkan Contracting, GBRS Properties LLC and Balkan Enterprise Inc.
And Aziz Ukshini, 38, was charged with obtaining $2.8 million in loans in the name of several businesses in exchange for bribes paid to Raguz.
Ukshini pleaded guilty to the charges, the 27th individual convicted in the massive fraud, which is projected to cost NCUA $185 million to resolve.
Raguz, 53, was sentenced last month to 14 years in prison for engineering the huge fraud. He confessed to approving more than 1,000 fraudulent loans totaling more than $72 million.
Still waiting to be sentenced is local financier A. Eddy Zai, who pleaded guilty to obtaining more than $19 million in loans to help him finance numerous downtown Cleveland projects.