Some proceeds from sale of Cleveland-area home of ex-Taupa Lithuanian CEO would got to NCUA.
Former part-time credit union manager in Pennsylvania gets 10 months for $110,000 theft.
Alex R. Spirikaitis and his lawyer have been given more time to conduct pre-indictment negotiations with federal prosecutors over Spirikaitis’ role in a massive fraud case that led to the collapse of the $23.6 million Taupa Lithuanian Credit Union in Cleveland.
Ex-fugitive CEO gets extra month to negotiate before indictments in Taupa Lithuanian case.
Focus will particularly be on small institutions, agency says.
Agency prohibitions reach 53 for the year.
Authorities finally captured former Taupa Lithuanian President/CEO Alex R. Spirikaitis Oct. 21, who had been a fugitive since July until he was nabbed by federal agents while walking on a sidewalk on Cleveland’s east side.
It’s been about a year since two employees at the $1.6 million Enterprise Credit Union pleaded guilty to embezzling almost $1 million over a period of 10 years, but the topic still fuels the gossip mill in the small Kansas town. And, according to one prominent resident, the incident reduced...
Presenters at Nov. 14 session to discuss how to spot, thwart the inside job at small credit unions
“Once you break that type of trust, there’s no turning back.”