news.cuna.org/articles/7_former_CU_employees_banned_from_future_FI_work

7 former CU employees banned from future FI work

March 31, 2015
ALEXANDRIA, Va. (4/1/15)--Seven individuals have been prohibited from participating in the affairs of any federally insured financial institution, the National Credit Union Administration announced Tuesday. The individuals have pleaded guilty to crimes such as bank theft, embezzlement and bank fraud or consented to the issuance of an order to avoid the time and expense of administrative litigation.
 
The individuals are:
  • Vytas Apanavicius, a former bookkeeper of Taupa Lithuanian CU, Cleveland, pleaded guilty to the charge of conspiracy to commit theft or embezzlement. Apanavicius was sentenced to 21 months in prison, three years supervised release and ordered to pay restitution in the amount of $962,689;
  • John Richards, a former employee of Polk County CU, Des Moines, Iowa, pleaded guilty to the charge of bank theft. Richards received one year of probation and was ordered to pay restitution in the amount of $50,795;
  • Michael Rusksenas, a former employee of Taupa Lithuanian CU, pleaded guilty to the charge of conspiracy to commit theft and embezzlement. Rusksenas was sentenced to 17 months in prison, three years supervised release and ordered to pay restitution in the amount of $481,502;
  • Saundra Scales, a former employee of First Legacy Community CU, Charlotte, N.C., consented to the issuance of an order of prohibition to avoid the time and expense of administrative litigation;
  • Alex Spirikaitis, the former CEO of Taupa Lithuanian CU, pleaded guilty to the charge of conspiracy to commit bank fraud. Spirikaitis was sentenced to 130 months in prison, five years supervised release and ordered to pay restitution in the amount of $15 million;
  • Wendy Wall, also known as Wendy Wright, a former employee of Pepsi Cola FCU, Buena Park, Calif., pleaded guilty to the charge of bank fraud. Wall was sentenced to 21 months in prison, four years supervised release and ordered to pay restitution in the amount of $480,273.77; and
  • Brandi Ward, a former employee of Dowell FCU, Tulsa, Okla., pleaded guilty to the charge of embezzlement. Ward was sentenced to five years supervised release and ordered to pay restitution in the amount of $105,839.04.
Violation of a prohibition order is a felony offense punishable by imprisonment and a fine of up to $1 million.
 
NCUA enforcement orders are available online and for inspection at the agency's Office of General Counsel.