Former Taupa Lithuanian CU employee allegedly embezzled more than $436,000.
Two businessmen who embezzled millions receive two and three years in prison, respectively.
John Struna, sentenced to three years, plays the lotto to repay the $2.3M he stole from Taupa Lithuanian CU and wins $1M.
CLEVELAND — Alex R. Spirikaitis, the central figure of the $15 million fraud scheme that led to the collapse of the Taupa Lithuanian Credit Union, was sentenced to 130 months in federal prison Dec. 1 by U.S. District Court James S. Gwin in Cleveland.
CLEVELAND — Taupa Lithuanian CEO sentenced to prison. New details emerge about weapons cache.
Ohio bookkeeper receives 21-month sentence for embezzling $1M from failed credit union.
Ohio business owner admits to embezzling $2.3 million from failed cooperative.
In 2011, an NCUA examiner-in-charge reviewed a 2010 state examination of the $23.6 million Taupa Lithuanian Credit Union and said it sounded all too familiar.
The material loss report on the failed Taupa Lithuanian Credit Union reveals red flags back in 2010. The failure cost the NCUSIF $33.5 million.
CLEVELAND - Michael Ruksenas was sentenced Friday to 17 months in prison for stealing more than $480,000. The family relationship was revealed in court.