Six individuals are banned from federally insured financial institutions, including the last person to be convicted in the Taupa Lithuanian failure.
Two businessmen who embezzled millions receive two and three years in prison, respectively.
John Struna, sentenced to three years, plays the lotto to repay the $2.3M he stole from Taupa Lithuanian CU and wins $1M.
Ohio bookkeeper receives 21-month sentence for embezzling $1M from failed credit union.
Ohio business owner admits to embezzling $2.3 million from failed cooperative.
New charges from federal prosecutors include conspiracy to commit bank fraud, money laundering and making false statements.
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.