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Alex R. Spirikaitis, former CEO of the now-shuttered Taupa Lithuanian Credit Union, has been formally charged by prosecutors, who said he and others stole an estimated $15 million, some of which he used to build a $1.6 million home, pay for a luxury suite at Cleveland Browns games, buy nine vehicles and amass an arsenal of semi-automatic weapons and more than 10,000 rounds of ammunition that he stored at the cooperative’s office in Cleveland.

He personally embezzled about $4.2 million from Taupa Lithuanian CU between 2001 and 2013, federal prosecutors charge.

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Peter Strozniak


Credit Union Times

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