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.
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.
CLEVELAND - Michael Ruksenas was sentenced Friday to 17 months in prison for stealing more than $480,000. The family relationship was revealed in court.
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.
CLEVELAND—Former Taupa Lithuanian CEO could face 30 years in prison and a $1 million fine.
Bookkeeper Vytas Apanavicius charged with embezzling $1M in NSF scheme.
John Struna got regular cash payments from former CEO Alex Spirikaitis, now faces March 10 trial.
Court documents say conspirators include three employees and three members of the failed Taupa Lithuanian Credit Union of Cleveland.