CLEVELAND — Alex R. Spirikaitis, the central figure of the $15 million fraud scheme that led to the collapse of the Taupa Lithuanian Credit Union, was sentenced to 130 months in federal prison Dec. 1 by U.S. District Court James S. Gwin in Cleveland.
CLEVELAND — Taupa Lithuanian CEO sentenced to prison. New details emerge about weapons cache.
Ohio bookkeeper receives 21-month sentence for embezzling $1M from failed credit union.
Ohio business owner admits to embezzling $2.3 million from failed cooperative.
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.
Acting North Carolina Credit Union Administrator Rose Conner said she agreed to not release any state-issued CAMEL codes under her watch. That was good enough for the NCUA to agree Feb. 8 to end separate exams for North Carolina’s state chartered credit unions.
Separate exams in 2012 part of protracted dispute between state, federal agencies over SECU CAMEL score disclosure.
Agency stands by examiner who witnesses said allegedly called himself “The Liquidator” and made inappropriate statements to four female employees.