Authorities now have permission to sell the million-dollar home of Alex Spirikaitis, the former CEO of the now-shuttered $23.6 million Taupa Lithuanian Credit Union in Cleveland.
Judge's order clears path for sale of former Taupa Lithuanian CEO's suburban Cleveland property.
Some proceeds from sale of Cleveland-area home of ex-Taupa Lithuanian CEO would got to NCUA.
Alex R. Spirikaitis and his lawyer have been given more time to conduct pre-indictment negotiations with federal prosecutors over Spirikaitis’ role in a massive fraud case that led to the collapse of the $23.6 million Taupa Lithuanian Credit Union in Cleveland.
The NCUA will establish a new office focused solely on agency security and continuity, but the move shouldn't have a big impact on the 2014 operating budget. Public Affairs Specialist John Fairbanks told Credit Union Times the new office will be comprised mostly of existing NCUA resources.
Agency will consolidate decentralized security effort.
Agency moves in reaction to examiner danger.
Ex-fugitive CEO gets extra month to negotiate before indictments in Taupa Lithuanian case.
Documents now show Taupa Lithuanian FCU case may be one of the largest known thefts from a credit union.
FBI says Alex Spirikaitis, ex-CEO of Taupa Lithuanian CEO, was arrested Monday afternoon in Cleveland.