Andrew Belzinskas gets two years in prison for his role in the $15 million fraud scheme.
Agency bans three from Taupa Lithuanian and four others.
Former Taupa Lithuanian CU employee allegedly embezzled more than $436,000.
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.
Latest charges allege Ohio men embezzled $1.9 million that led to the credit union’s collapse.
New charges from federal prosecutors include conspiracy to commit bank fraud, money laundering and making false statements.
In 2011, an NCUA examiner-in-charge reviewed a 2010 state examination of the $23.6 million Taupa Lithuanian Credit Union and said it sounded all too familiar.
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.
John Struna got regular cash payments from former CEO Alex Spirikaitis, now faces March 10 trial.