CLEVELAND (AP) — The former chief executive officer of a
credit union in northeast Ohio has been charged with conspiracy in an
alleged $15 million fraud case.
The charge against 51-year-old
Alex Spirikaitis in federal court was detailed Wednesday in a filing
that usually signals a pending plea deal.
There was no immediate comment from his defense attorney in response to a message.
Spirikaitis
is accused of personally embezzling more than $4 million from the
Cleveland-based Taupa Lithuanian Credit Union between 2001 and 2013 and
misrepresenting credit union assets to regulators.
The National
Credit Union Administration and the state of Ohio took over the credit
union in July and placed it in receivership. It had about 1,150 members
and assets of $24 million.
Two other men were charged earlier in the alleged conspiracy.
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