Authorities now have permission to sell the million-dollar homeof Alex Spirikaitis, the former CEO of the now-shuttered $23.6million Taupa Lithuanian Credit Union in Cleveland.

U.S District Judge John R. Adams in Akron, Ohio, approved afinal forfeiture order Monday that allows the federal government tosell the property in suburban Solon, Ohio.

“It appears to the court that proper proceedings for theissuance of a final order of forfeiture have been had in thiscase,” Adams wrote in the order.

Also read: CompleteCoverage of the Alex Spirikaitis Case

Spirikaitis had been a fugitive since July until he was nabbedby federal agents while walking on a sidewalk on Cleveland's eastside on Oct. 21. He has been charged with making false statementsabout the credit union's finances and is in federal custody.

Court documents revealed that more than $10 million may havebeen embezzled from the credit union, which would make it one ofthe largest fraud cases in credit union history.

Spirikaitis waived a preliminary hearing on Oct. 22 in U.S.District Court in Cleveland and a federal grand jury now has a Dec.20 deadline to return an indictment.

Proceeds from the sale of Spirikaitis' home in the Clevelandsuburb of Solon will be distributed to NCUA, according to courtdocuments. The federal agency closed Taupa Lithuanian CU in Julyafter declaring it was no longer solvent.

Funds from the sale of the home will also pay a $30,514 billowed to a local contractor who landscaped Spirikaitis' home.The U.S. government also would bereimbursed for costs related to the seizure of the property, courtdocuments show.

In September, federal prosecutors seized the 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.

Federal authorities suspect the house was built with fundsembezzled from the credit union as Spirikaitis was earning only$50,000 annually, according to court papers.

Court documents also revealed that NCUA authorities discovered10,000 rounds of ammunition and multiple semi-automatic weaponsin the credit union's storage room in July when they seized theinstitution.

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

The NCUA recently announced it would open a new office focused on security for examiners.