Taupa Lithuanian CU Teller Pleads Guilty: On-Site Coverage
CLEVELAND — Former teller Michael Ruksenas pleaded guilty Monday in Cleveland’s U.S. District Court to conspiring to embezzle more than $481,000 from the $23.6 million Taupa Lithuanian Credit Union that led to its collapse in July.
As part of a plea deal, Ruksenas has agreed to cooperate with and testify for federal prosecutors who indicated at Monday’s court hearing that more people are expected to face charges in the massive fraud case.
In addition to his teller position, Ruksenas also worked as a home health aide for one of Spirikaitis’ relatives from 2007 through 2009.
During that time, Spirikaitis fraudulently transferred about $200,000 into Ruksenas’ Taupa accounts. Starting in early 2009, Spirikaitis transferred about $4,000 twice a month in to Ruksenas accounts, according to court documents.