Experts say SchoolsFirst VP David Lugo's brazen $2.6 million computer heist exposes industry-wide gaps in IT controls.
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.
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.
Taupa Lithuanian CEO given until Jan. 19 for pre-indictment talks with federal prosecutors.
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.
Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.
Monday hearing set for suspect No. 2 in Cleveland CU collapse as court documents reveal cooperation, details of long-running fraud.
Former teller accused of embezzling $480,000 while working for CEO Alex Spirikaitis.