Authorities finally captured former Taupa LithuanianPresident/CEO Alex R. Spirikaitis Oct. 21, who had been a fugitivesince July until he was nabbed by federal agents while walking on asidewalk on Cleveland's east side.

Court proceedings the following day revealed shocking newdetails about the man allegedly responsible for the collapse of the$23.6 million credit union: total losses may run as high as $10million, making it one of the largest fraud cases in credit unionhistory.

And perhaps more shocking, court documents revealed that NCUAauthorities discovered 10,000 rounds of ammunition and multiple semi-automatic weaponsin the credit union's storage room when they seized theinstitution.

“The Cleveland Police Department responded to a request forassistance and took possession of approximately 10,000 rounds ofammunition and multiple semi-automatic weapons that were stored atTaupa,” the affidavit reads. “Spirikaitis does not have a concealedcarry permit issued by the state of Ohio.”

What remains a mystery is why Spirikaitis kept these weapons andammunition in the credit union. Federal prosecutors and the FBIdeclined comment.

Court documents also detailed how NCUA employees discovered a gobag inside Spirikaitis' office packed with items indicate he waspreparing to flee.

“Inside the bag were a variety of blank identification cards,including one that would allow him to insert his photo and a nameidentifying himself as a member of the International Union ofJournalists,” the court papers stated.

Another document resembling credentials provided to variousagents and employees of executive branch agencies such as the FBIwere also found in the bag. That document was labeled SpecialIdentification with a seal closely resembling the official seal ofthe president of the United States of America, the court said.

Spirikaitis allegedly used false financial documents to hide hisfraudulent scheme.

The FBI's investigation found Spirikaitis received a December2011 bank statement that showed a total of $559,468 in Taupa CU'saccounts with the $4.5 billion Corporate One Federal Credit Unionin Columbus, Ohio.

However, the December 2011 NCUA Call Report falsely lists$16,165,288 in assets deposited with the corporate credit union.Spirikaitis certified the December 2011 Call Report on Feb. 16,2012, court records showed.

The affidavit also revealed Spirikaitis allegedly altered andmodified Corporate One bank account statements.

“He printed out numbers he wanted to report to auditors and (to)NCUA and taped them over the real numbers from the true CorporateOne bank account statement,” the affidavit stated. “Spirikaitisthen photocopied the altered documents resulting in a document thatmimicked the appearance of a statement coming directly fromCorporate One.”

Spirikaitis, 51, waived his right to post bond for his releasewhen he appeared in U.S. District Court in Cleveland Oct. 22.Because he also waived his right for a preliminary hearing, thecase has been bound over to a federal grand jury.

On the evening of July 16, the FBI and local police planned toarrest Spirikaitis at his million-dollar Cleveland suburbanhome.

Law enforcement authorities thought they were in a standoffafter they arrived at his home. However, when they entered thehouse the next morning, Spirikaitis was not there.

Federal prosecutors have seized Spirikaitis' home, whichfeatures an indoor pool, entertainment room, a weight room, anelevator, a handicap track system, five and one-half bathrooms, anda fully equipped upstairs and downstairs kitchen. Federalauthorities suspect the house was built with funds embezzled fromthe credit union as Spirikaitis was earning only $50,000 annually,according to court papers.

Credit union volunteers said they did not know Spirikaitis hadconstructed the home.

Assistant U.S. Attorney Robert J. Patton, the lead prosecutorfor the case, declined to comment Oct. 22 whether additionalcharges are pending against Spirikaitis.

Darin Thompson of the federal public defender's office isrepresenting Spirikaitis.