From Bank info Security
A former banking executive in Ohio has been ordered to pay more than $72.5 million and serve 14 years in prison for the role he played in a 10-year loan-fraud plot that led to one of the largest credit union failures in U.S. history, federal authorities say.
The credit union that failed was St. Paul Croatian FCU. It was liquidated by the NCUA in 2010. The news of the fraud started to come out in late 2010. I reviewed some of the fraud that occurred and its impact on some depositors in this 2011 blog post