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The Spirikaitis house sits at the end of a long driveway in the Cleveland suburb of Solon, Ohio.

Federal authorities are moving forward with foreclosing on a suburban home that they claim a former CEO paid for with $1.5 million he allegedly embezzled from the shuttered Taupa Lithuanian Credit Union in Cleveland.

According to court documents, a FBI special agent hand delivered a “notice of complaint for forfeiture” and other foreclosure papers on Aug. 7 to Julie A. Spirikaitis, wife of Alex R. Spirikaitis, the former CEO of TLCU.

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Peter Strozniak


Credit Union Times

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