Court Docs Reveal More on Taupa Lithuanian Fraud
Former teller Michael Ruksenas, scheduled to appear in U.S. District Court in Cleveland on Dec. 2 to face a $481,502 conspiracy embezzlement charge, could be the first of more individuals fingered in the fraud that killed off the $23.6 million Taupa Lithuanian Credit Union in July.
Documents filed in U.S. District Court reveal more details about how Ruksenas conspired with the former president/CEO of Taupa Lithuanian CU, Alex Spirikaitis, and “others known or unknown,” as federal prosecutors described in court papers.
Court documents also show Ruksenas worked as a home health aide for one of Spirikaitis’ relatives from 2007 through 2009. During that time, Spirikaitis allegedly used credit union funds to buy Ruksenas a Jeep Cherokee.
A final forfeiture order also was approved by a federal court judge earlier this month that allows the federal government to sell a million-dollar home built by Spirikaitis. Funds from the sale of the home will be distributed to the NCUA, among others.