Federal prosecutors pieced together a massive fraud scheme that siphoned $15 million over 17 years.
John Struna got regular cash payments from former CEO Alex Spirikaitis, now faces March 10 trial.
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.
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.
ALEXANDRIA, Va. — NCUA Board Chairman Debbie Matz explains why in this on-air interview.
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.
Judge's order clears path for sale of former Taupa Lithuanian CEO's suburban Cleveland property.
Some proceeds from sale of Cleveland-area home of ex-Taupa Lithuanian CEO would got to NCUA.
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.