The NCUA issued prohibition orders to three individuals this month for fraud and theft.

Violating a prohibition order is considered a felony offense, which is punishable with jail time and a fine of up to $1 million, the regulator said.

Anthony Raguz, former CEO of the defunct St. Paul Croatian Federal Credit Union in Eastlake, Ohio, pleaded guilty to bank fraud, money laundering and receipt of commissions or gifts for procuring loans, according to the NCUA.

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Regulatory & Compliance