The CEO of a now-shuttered Cleveland credit union used his institution's corporate credit union account to pay for his $1.5 million suburban home, authorities said Friday.
The U.S. Attorney's office there said it has filed court forfeiture documents to seize the home of Alex Spirikaitis, the former CEO of the Taupa Lithuanian Credit Union who has been wanted by the FBI since July 16.
Court documents in U.S. District Court in Cleveland indicate Spirikaitis, who earned $50,000 annually, allegedly used credit union funds to pay for his Solon home, about 25 miles southeast of Cleveland. That's where the FBI thought he was holed up all night when they initially tried to arrest him.
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