CLEVELAND (AP) — A suburban Cleveland man accused of paying bribes to get millions of dollars in fraudulent loans from a now-defunct credit union has been convicted on federal charges.
Prosecutors say a jury convicted 41-year-old Svetislav Vujovic of Brunswick on 14 counts. Those included 10 counts of making false statements to a federal credit union and two counts of money laundering.
Phone messages seeking comment were left Wednesday for his attorney.
Authorities say he got about $3 million in loans from St. Paul Croatian Credit Union in suburban Cleveland after paying $20,000 in bribes to its chief operating officer between 2004 and 2008.
That executive, Anthony Raguz, was accused of issuing $72 million in fraudulent loans that caused the credit union to collapse. He is serving a 14-year prison sentence.