The NCUA is embroiled in a contentious legal battle to recover $100,000 in embezzled credit union funds invested in a $71 million Ponzi scheme.
Ohio business owner John Struna is serving a federal prison sentence of more than three years for embezzling $2.3 million from Taupa Lithuanian Credit Union from 2002 to 2013.
Struna had a long-term relationship with Alex R. Spirikaitis, the former president/CEO of Taupa Lithuanian. He was the central figure in a multi-million dollar fraud scheme and was sentenced to more than 10 years in federal prison in December 2014.
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