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.
Michigan regulator Kohloff abruptly resigns as the organization continues its CEO search.
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.
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.
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.