Ohio credit union leader gets 14 years for scheme - 13abc.com Toledo (OH) News, Weather and Sports

Ohio credit union leader gets 14 years for scheme

CLEVELAND (AP) - The head of a collapsed Ohio credit union has been sentenced to 14 years in prison for fraud and other charges and must repay more than $72.5 million.

Fifty-3-year-old Anthony Raguz of Mentor was sentenced Monday in Cleveland federal court on his guilty plea to bank fraud, bribery and money laundering charges.

Prosecutors say he issued 1,000 fraudulent loans to customers of the St. Paul Croatian Federal Credit Union in Eastlake and accepted bribes and kickbacks. Raguz was the chief operating officer of the credit union.

Judge Christopher Boyko ordered Raguz to pay more than $71.5 million in restitution. in addition to the $1 million he previously forfeited.

Investigators say the scheme cost the credit union $170 million in losses that were mostly repaid by federal insurance.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • RegionalMore>>

  • No human cases of the West Nile Virus in Michigan this year

    No human cases of the West Nile Virus in Michigan this year

    Monday, September 1 2014 6:17 AM EDT2014-09-01 10:17:22 GMT
    EAST LANSING, Mich. (AP) - Just two years after 17 deaths, Michigan so far is reporting no human cases of West Nile virus in 2014.A snowy winter and wet spring might lead to more mosquitoes, the carrier of West Nile. But that doesn't automatically translate into a greater risk for getting the virus.Ned Walker, an expert at Michigan State University, says the virus needs hot weather to become potent. The National Weather Service reports only a handful of days of 90 degrees or higher since June...
    EAST LANSING, Mich. (AP) - Just two years after 17 deaths, Michigan so far is reporting no human cases of West Nile virus in 2014.A snowy winter and wet spring might lead to more mosquitoes, the carrier of West Nile. But that doesn't automatically translate into a greater risk for getting the virus.Ned Walker, an expert at Michigan State University, says the virus needs hot weather to become potent. The National Weather Service reports only a handful of days of 90 degrees or higher since June...
  • Audit: Michigan doing good job on child support

    Audit: Michigan doing good job on child support

    Sunday, August 31 2014 8:54 PM EDT2014-09-01 00:54:53 GMT
    A Michigan government audit of $2.6 billion in child support payments says that the office in charge of collecting the money is doing an effective job in making sure that parents pay what they owe and care-givers get what's coming to them.
    A Michigan government audit of $2.6 billion in child support payments says that the office in charge of collecting the money is doing an effective job in making sure that parents pay what they owe and care-givers get what's coming to them.
  • Man drowns after boat sinks in Indian Lake

    Man drowns after boat sinks in Indian Lake

    Sunday, August 31 2014 8:49 PM EDT2014-09-01 00:49:48 GMT
     Authorities recovered the body of a 22-year-old man from a western Ohio lake after responding to a call about a sinking boat.
     Authorities recovered the body of a 22-year-old man from a western Ohio lake after responding to a call about a sinking boat.
  • Top StoriesMore>>

  • Humane Society: Unethical for investigator to keep rescued horses

    Humane Society: Unethical for investigator to keep rescued horses

    Sunday, August 31 2014 11:18 PM EDT2014-09-01 03:18:39 GMT
    A fight is brewing over two horses rescued by the Humane Society of Sandusky County.
    A fight is brewing over two horses rescued by the Humane Society of Sandusky County.
  • Libraries closed, trash pick up pushed back for Labor Day

    Libraries closed, trash pick up pushed back for Labor Day

    Sunday, August 31 2014 9:53 PM EDT2014-09-01 01:53:34 GMT
    Just a reminder that Labor Day is a national holiday, so expect all banks, Post Offices and government offices to be closed on Monday.
    Just a reminder that Labor Day is a national holiday, so expect all banks, Post Offices and government offices to be closed on Monday.
  • No human cases of the West Nile Virus in Michigan this year

    No human cases of the West Nile Virus in Michigan this year

    Monday, September 1 2014 6:17 AM EDT2014-09-01 10:17:22 GMT
    EAST LANSING, Mich. (AP) - Just two years after 17 deaths, Michigan so far is reporting no human cases of West Nile virus in 2014.A snowy winter and wet spring might lead to more mosquitoes, the carrier of West Nile. But that doesn't automatically translate into a greater risk for getting the virus.Ned Walker, an expert at Michigan State University, says the virus needs hot weather to become potent. The National Weather Service reports only a handful of days of 90 degrees or higher since June...
    EAST LANSING, Mich. (AP) - Just two years after 17 deaths, Michigan so far is reporting no human cases of West Nile virus in 2014.A snowy winter and wet spring might lead to more mosquitoes, the carrier of West Nile. But that doesn't automatically translate into a greater risk for getting the virus.Ned Walker, an expert at Michigan State University, says the virus needs hot weather to become potent. The National Weather Service reports only a handful of days of 90 degrees or higher since June...

Area Events Calendar

See It, Shoot It, Send It!