More information is revealed about how two women created and sold fake participation loans.
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.
Member charged with stealing $3.7 million using bribes and kickbacks to score fake business loans.
Defendant Sato Satka bribed former President/CEO Anthony Raguz with $90,000 cash in a brown paper bag.
CLEVELAND - Michael Ruksenas was sentenced Friday to 17 months in prison for stealing more than $480,000. The family relationship was revealed in court.
Rhonda Liddle, wife of convicted AEA executive William Liddle, appeals her conviction on technicalities and lack of evidence.
The NCUA issued five orders in January prohibiting individuals found guilty of fraud from participating in the affairs of any federally insured financial institution.
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.