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.
CLEVELAND - Michael Ruksenas was sentenced Friday to 17 months in prison for stealing more than $480,000. The family relationship was revealed in court.
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.
Court documents say conspirators include three employees and three members of the failed Taupa Lithuanian Credit Union of Cleveland.
The very fact that the agency has to issue a rule about home-based credit unions is preposterous.