Taupa Lithuanian Volunteers Say They Were Duped by Spirikaitis: Print Preview
Vincas Urbaitis, a former board director of the now-shuttered Taupa Lithuanian Credit Union, said he has been doing a lot of thinking lately about how he and six board members were double-crossed by Alex R. Spirikaitis, their former CEO.
Spirikaitis, wanted on an embezzlement-related charge, has been on the run from the FBI for more than three weeks following the July 12 collapse and liquidation of the $23.6 million Cleveland cooperative.
How Spirikaitis carried out his fraudulent scheme was detailed in forfeiture documents filed July 26 by Cleveland federal prosecutors who aim to take legal possession of the home. A forfeiture hearing before U.S. District Court Judge John R. Adams in Akron, Ohio has not yet been scheduled.
In November 2012, Spirikaitis moved into the new home with his wife and their two children. Court documents show the construction of the home, which took a year, was first paid for with two checks totaling $100,000 from Spirikaitis’ personal account at the credit union.