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.
Spirikaitis, 51, was charged with one count of conspiracy to commit bank fraud. His arraignment in U.S. District Court has not yet been scheduled.
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