NCUA Hits 7 With Prohibition Orders
The NCUA issued prohibition orders to the following seven individuals during the month of March for fraud and theft:
Alex Spirikaitis, the former CEO of Taupa Lithuanian Credit Union in Cleveland, Ohio, pleaded guilty to conspiring to commit bank fraud. The credit union was liquidated in July 2013. He was ultimately sentenced to 130 months in prison, five years supervised release and ordered to pay $15 million in restitution.
Vytas Apanavicius, a former bookkeeper at Taupa Lithuanian Credit Union, was sentenced to 21 months in prison and three years supervised release, and ordered to pay restitution in the amount of $962,689 for conspiring to commit theft or embezzlement.
Michael Rusksenas, a former teller at Taupa Lithuanian Credit Union, also pleaded guilty to conspiring to commit theft and embezzlement. He was sentenced to 17 months in prison and three years supervised release. He must pay $481,502 in restitution.
John Richards, a former employee of the $10.4 million Polk County Credit Union in Des Moines, Iowa, pleaded guilty to bank theft and received one year of probation. Richards was ordered to pay restitution in the amount of $50,795.
Saundra Scales, a former employee of the $36.3 million First Legacy Community Credit Union in Charlotte, N.C., consented to a prohibition order to avoid the time and expense of administrative litigation, according to the NCUA.
Wendy Wall, former president/CEO of the defunct Pepsi Cola Federal Credit Union in Buena Park, Calif., pleaded guilty to bank fraud and was sentenced to 21 months in prison and four years of supervised release. She was also ordered to pay $480,273.77 in restitution.
Brandi Ward, a former internal accountant at the $34 million Dowell Federal Credit Union in Tulsa, Okla., pleaded guilty to embezzlement and was sentenced to five years supervised release. She must pay restitution in the amount of $105,839.04.