The Plot Thickens as Six Are Charged in Fraud Ring in Connection with Taupa Lithuanian CU Liquidation
Prosecutors have now charged five individuals, in addition to the former manager, in the fraud that resulted in the liquidation of the $15 million Taupa Lithuanian Credit Union. Former manager Spirikaitis is reported to have embezzled $4.2 million that he used to buy a lavish home, a luxury suite at the Cleveland Browns stadium, nine vehicles, and an arsenal of semi-automatic weapons and ammunition. [1/16]