John Struna, who had personal and business accounts at the failed credit union, received $2.5M in fraudulent transfers from former CEO Alex Spirikaitis.
Taupa Lithuanian CEO given until Jan. 19 for pre-indictment talks with federal prosecutors.
CLEVELAND—Former Taupa Lithuanian Credit Union teller Michael Ruksenas pleaded guilty Dec. 2 in U.S. District Court to conspiring to embezzle more than $481,000 from the failed credit union.
CLEVELAND — Michael Ruksenas pleaded guilty Monday as prosecutors note six more arrests to follow in Spirikaitis case.
Monday hearing set for suspect No. 2 in Cleveland CU collapse as court documents reveal cooperation, details of long-running fraud.
Authorities now have permission to sell the million-dollar home of Alex Spirikaitis, the former CEO of the now-shuttered $23.6 million Taupa Lithuanian Credit Union in Cleveland.
Former teller accused of embezzling $480,000 while working for CEO Alex Spirikaitis.
Judge's order clears path for sale of former Taupa Lithuanian CEO's suburban Cleveland property.
I owe the NCUA's public affairs office a round of drinks. Probably more than one.
The NCUA will establish a new office focused solely on agency security and continuity, but the move shouldn't have a big impact on the 2014 operating budget. Public Affairs Specialist John Fairbanks told Credit Union Times the new office will be comprised mostly of existing NCUA resources.