Alex R. Spirikaitis and his lawyer have been given more time to conduct pre-indictment negotiations with federal prosecutors over Spirikaitis' role in a massive fraud case that led to the collapse of the $23.6 million Taupa Lithuanian Credit Union in Cleveland.
The former CEO had been a fugitive since July until he was nabbed by federal agents while walking on a sidewalk on Cleveland's east side on Oct. 21. He has been charged with making false statements about the credit union's finances.
Court documents revealed that more than $10 million may have been embezzled from the credit union, which would make it one of the largest fraud cases in credit union history.
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