The material loss report on the failed Taupa Lithuanian Credit Union reveals red flags back in 2010. The failure cost the NCUSIF $33.5 million.
Former Taupa Lithuanian Credit Union CEO pleads guilty in court appearance.
CLEVELAND—Former Taupa Lithuanian CEO could face 30 years in prison and a $1 million fine.
Bookkeeper Vytas Apanavicius charged with embezzling $1M in NSF scheme.
Court documents say conspirators include three employees and three members of the failed Taupa Lithuanian Credit Union of Cleveland.
John Struna, who had personal and business accounts at the failed credit union, received $2.5M in fraudulent transfers from former CEO Alex Spirikaitis.
Agency will consolidate decentralized security effort.