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.
Three employees and three members racked up millions in insufficient funds that caused Taupa Lithuanian Credit Union insolvency.
John Struna, who had personal and business accounts at the failed credit union, received $2.5M in fraudulent transfers from former CEO Alex Spirikaitis.
A civil suit filed by Erie Affiliates Inc. claims that Julie A. Spirikaitis — wife of Alex R. Spirikaitis, former president/CEO of the shuttered Taupa Lithuanian Credit Union — was “complicit in the scheme to defraud” the Ohio general contractor out of $505,985.
NCUA seeks dismissal of Erie Affiliates Inc. claim, saying suit would hinder Cleveland credit union's liquidation.
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.
CLEVELAND—Former Taupa Lithuanian Credit Union teller Michael Ruksenas pleaded guilty Dec. 2 in U.S. District Court to conspiring to embezzle more than $481,000 from the failed credit union.
Weapons caches, "sinful things", loan participation ripoffs and the last of the feminist-chartered credit unions.