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This is the house that now-fugitive credit union CEO built in the Cleveland suburb of Solon, Ohio.

A federal judge has signed a warrant to seize a $1 million home that federal prosecutors allege was built with funds embezzled by Alex R. Spirikaitis, an FBI fugitive and former president/CEO of the $23.6 million Taupa Lithuanian in Cleveland that was closed and liquidated in July by the NCUA.

Spirikaitis’ wife, Julie A. Spirikaitis, who is co-owner of the home, has voluntarily signed an agreement consenting to and waiving any court hearing concerning the seizure of the home, court documents show. She has moved into another home with her two children.

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Peter Strozniak


Credit Union Times

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