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Wednesday, July 17, 2013

The CEO of a Shuttered Credit Union is on the Run

Posted By on Wed, Jul 17, 2013 at 3:39 PM

Alex-Spirikaitis.jpg

As of a couple days ago, Alex Spirikaitis was the CEO of the Taupa Lithuanian Credit Union on E. 185th St. in Cleveland.

On Friday, authorities closed the credit union shop with a warrant for "false credit institution entries," — aka: fraud. This might all sound familiar to the Croatian credit union debacle that's still swimming around the legal system.

But unlike that case, when the FBI showed up to serve a warrant at his home today, a standoff ensued. It was assumed Spirikaitis was inside. However, after entering the home some hours later, authorities discovered the CEO was not there at all, according to 19 Action News.

And now he's ostensibly on the run. Tips concerning his whereabouts can be directed to Cleveland division of the FBI here: 216-522-1400.

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