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.
Federal prosecutors pieced together a massive fraud scheme that siphoned $15 million over 17 years.
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.
Three employees and three members racked up millions in insufficient funds that caused Taupa Lithuanian Credit Union insolvency.
A civil suit filed by Erie Affiliates Inc. claims that Julie A. Spirikaitis — wife of Alex R. Spirikaitis, former president/CEO of the shuttered Taupa Lithuanian Credit Union — was “complicit in the scheme to defraud” the Ohio general contractor out of $505,985.
NCUA seeks dismissal of Erie Affiliates Inc. claim, saying suit would hinder Cleveland credit union's liquidation.
About $10 million to $16 million may have been embezzled from the Taupa Lithuanian Credit Union in Cleveland, which would make it one of the largest credit union fraud cases ever.