A federal judge sentenced an Ohio man to two years in prison last week for embezzling more than $436,000 from Taupa Lithuanian Credit Union.

On Sept. 9, U.S. District Judge James S. Gwin in Cleveland ordered Andrew Belzinskas, 45, of Lyndhurst, to pay $436,026 in restitution. Gwin also placed him on three years of supervised release after serving his federal prison term.

Register today to join us for the free, all-day Data Breach Defense Virtual Conference on Oct. 6 , and be sure to spread the word! 

Belzinskas is the seventh and the last person to be convicted and sentenced in the $15 million fraud case that involved six others, including the former president/CEO, and led to the insolvency of the Cleveland cooperative in July 2013.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Strozniak


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.