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Alex R. Spirikaitis now faces up to 30 years in prison and a $1 million fine when he is sentenced for his lead role in one of the largest fraud cases in credit union history.

Spirikaitis, who conspired with three former employees and three members to embezzle $15 million from the Taupa Lithuanian Credit Union over 17 years, pleaded guilty Feb. 3 in U.S. District Court in Cleveland to one count of conspiracy to commit bank fraud.

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Peter Westerman

 

Credit Union Times

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