Pennsylvania woman makes fraudulent loans on member accounts and forwards statements to conceal the crime.
Judge says consumer suit can proceed because victims suffered actual losses.
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.
Former executives admit to stealing funds at cooperatives in Kansas and Michigan.
Ohio bookkeeper receives 21-month sentence for embezzling $1M from failed credit union.
The NCUA alleged in a lawsuit that Maria Hernandez, the former CEO of the failed El Paso Federal Credit Union, stole millions to buy homes in Texas, Florida and Nevada, to pay for lavish trips and for gambling.
Prosecutors allege former employee at Heritage Trust FCU used $325,000 to pay for personal credit card bills.
The NCUA seeks to recover damages from a credit union failure allegedly caused by internal fraud.
A former credit union employee pleaded guilty to bank fraud in U.S. District Court in Albuquerque, N.M., the week of Oct. 20 and admitted to using members’ accounts to pay debts and place a down payment on a house.