Prosecutors are asking a federal judge to approve a final orderof forfeiture that would allow for the sale of a million-dollarhome built by AlexR. Spirikaitis, the former president/CEO of the now shuttered$23.6 million Taupa Lithuanian Credit Union in Cleveland.

Spirikaitis had been a fugitive since July until he was nabbedby federal agents while walking on a sidewalk on Cleveland's eastside on Oct. 21. He has been charged with making false statementsabout the credit union's finances.

Court documents revealed that more than $10 million may havebeen embezzled from the credit union, which would make it one ofthe largest fraud cases in credit union history.

Because Spirikaitis waived his right to a preliminary hearing onOct. 22 in U.S. District Court in Cleveland, his case was boundover to the federal grand jury for an indictment. The grand juryhad a Nov. 20 deadline to return an indictment againsthim. That deadline, however, has been extended to Dec. 20.

If U.S. District Court Judge John R. Adams approves the finalorder of forfeiture, proceeds from the sale of Spirikaitis'Cleveland suburban home would be distributed to the NCUA, accordingto court documents. The NCUA closed Taupa Lithuanian CU in Julyafter declaring it was no longer solvent.

Funds from the sale of the home would also pay a $30,514 billowed to a local contractor who landscaped Spirikaitis' home insuburban Solon, Ohio. The U.S. government also would be reimbursedfor costs related to the seizure of the property, court documentsshow.

In September, federal prosecutors seized the home, whichfeatures an indoor pool, entertainment room, a weight room, anelevator, a handicap track system, five and one-half bathrooms, anda fully equipped upstairs and downstairs kitchen. Federalauthorities suspect the house was built with funds embezzled fromthe credit union as Spirikaitis was earning only $50,000 annually,according to court papers.

An FBI investigation found that Spirikaitis received a December2011 bank statement that showed a total of $559,468 in Taupa'saccounts at the $4.5 billion Corporate One Federal Credit Union inColumbus, Ohio.

However, Spirikaitis reported on the credit union's December2011 NCUA Call Report $16,165,288 in assets at the corporate creditunion. The affidavit also revealed Spirikaitis allegedly alteredand modified Corporate One FCU bank account statements forexaminers.

“He printed out numbers he wanted to report to auditors and (to)NCUA and taped them over the real numbers from the true CorporateOne bank account statement,” the affidavit stated. “Spirikaitisthen photocopied the altered documents resulting in a document thatmimicked the appearance of a statement coming directly fromCorporate One.”

Court documents also revealed that NCUA authorities discovered10,000 rounds of ammunition and multiple semi-automatic weaponsin the credit union's storage room in July when they seized theinstitution.

What remains a mystery is why Spirikaitis kept these weapons andammunition in the credit union. Federal prosecutors and the FBIdeclined to comment on Spirikaitis' intent.