CLEVELAND A federal judge Wednesday sentenced a local businessman to 42 months in prison for his role in the 2010 collapse of St. Paul Croatian FCU, the 11th member imprisoned for the massive fraud.
Aziz Ukshini, 42, was ordered to pay restitution of $3.3 million to NCUA, which has put the cost of the fraud at $185 million.
Ukshini was charged with one count of financial institution fraud, one count of giving commissions or gifts for procuring loans (bribery), and two counts of money laundering in November.
Ukshini fraudulently obtained $2.4 million worth of loans from the credit union and is thought to have worked with Anthony Raguz, the credit union’s CEO, who provided more than 1,000 fraudulent loans to members and businesses and precipitated the failure of the one-time $240-million credit union. St. Paul Croatian lost approximately $2.8 million as a result of Ukshini’s fraudulent conduct.
