News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Greater Akron Chamber

Metro RTA

Cedar Point


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Crime and Courts


More charges in credit union collapse
Gezim Selgjekaj indicted for $11 million scheme at St. Paul Croatian Federal Credit Union
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
In The Region:
An Avon Lake man is facing charges involving more than $11 million tied to the collapse of the St. Paul Croatian Federal Credit Union. WKSU’s Kabir Bhatia reports on the latest developments in the largest credit union collapse in history.
More charges in credit union collapse

Other options:
Windows Media / MP3 Download (0:55)


Gezim Selgjekaj was indicted Thursday on charges of creating fictitious businesses to get loans. Federal officials say he collaborated with the union’s Chief Operating Officer Anthony Raguz. And Justice Department spokesman Mike Tobin says the fraud occurred between 2003 and 2010, even though Selgjekaj was in prison on unrelated charges during part of that time.

“He got about $11 million in loans over eight years in his name, in the names of sham companies he operated, and in return for getting these loans, he would give cash and checks to Mr. Raguz.”

Last year, Raguz was sentenced to 14 years in prison and ordered to re-pay $72.5 million. Twenty-four people have now been indicted in the scheme. The credit union once served 5,400 members with assets estimated at more than $238 million. Selgjekaj’s arraignment is slated for next week.
Listener Comments:

If he stole 11 million dollars why must he repay 72 million?


Posted by: astroboi (here) on January 4, 2013 9:01AM
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

A small group of tea party and Democrats protest at Kasich campaign stop
Enjoyed your excellent coverage of the statehouse for sometime now, never dreamed I'd be on. The feedback from people has been great. Thank you. Doris Adams

Top staffers are leaving the FitzGerald gubernatorial campaign
I's too bad that the dirt on Fitzgerald dug up by Kasich's operatives and publicized heavily by the Yellow Plain Dealer has caused the weak staffers of the Fitz...

Churches come together to welcome and include Gay Games athletes
Nicely done!!! A little known fact about the El Salvadoran and Columbian scholarships.. A big thank you to the Faith Community for their support of Gay Games 9....

What do Ohio farmers need to do to control Lake Erie problems?
This was a great article, thank you, Karen Schaefer. There was an error- Roger Wise is the past president of the Ohio Farmer's Union; not the Ohio Farm Bureau ...

Registration for the 2014 Gay Games ends Monday at midnight
Judy Benson and Sally Tatnall are loved and appreciated by all in our community and throughout the US for their untiring work for OLOC and for educating the com...

Like any family, the Gay Games has its generation gaps
Great article ... important perspective.

Gay Games rodeo: Changing stereotypes
Robin, Thank you for a fine piece of recorded history. This is history in the making; a gay, Asian man, one of the last bronc riders in IGRA, and Rodeo at Gay G...

Ohio lawmakers hold hearing on prison food problems
So you fine them..this has been going onand the law makers are aware of this issue.I have been told by many about the maggots and rotten food not fit for a dog ...

Interview with early Beatle Pete Best
"the Leshdu (?) Quartet.." Actually that's the Les Stewart Quartet. George Harrison was in that band at the same time as the Quarry Men.

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University