The former manager of a Brooklyn, N.Y.-based credit union was convicted in federal court Nov. 1 on 41 counts of bank fraud and conspiracy in one of the biggest credit union frauds ever.

The criminal conviction of Vytautas Vebeliunas, who helped found Kasa Lithuanian FCU, is expected to strengthen the National Credit Union Administration's case in a civil suit brought against Mr. Vebeliunas, according to Richard Schulman, an NCUA attorney working on the case.

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