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CU System
FBI Search Still On For CEO Of Shuttered CU
SOLON, Ohio (7/25/13)--The search is still on for the missing former CEO of the defunct Cleveland-area credit union, Taupa Lithuanian CU, which regulators shuttered on July 15.
 
The Federal Bureau of Investigation Wednesday released an updated photo of Alex Spirikaitis, who is wanted for "false credit institution entries" related to the collapse of the $23.6 million asset credit union (Cleveland.com July 24).
 
He was believed to be holed up in his home in Solon, Ohio, after authorities tried to serve an arrest warrant at his home on July 16. After what they thought was a 12-hour standoff with Spirikaitis barricaded in the home, the FBI discovered he was not there.
 
The FBI said Spirikaitis uses several aliases, including Michael R. Hess, Rudy Hess, and Richard Spirikaitis, and that he is considered armed and dangerous. The bureau is offering a reward for tips leading to his capture and prosecution, and said he could be headed to Canada.


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